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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: I abide by your ruling. I have no difficulty with it. That is it. I am simply asking whether the Minister was aware of it because this leads in to Mr. Cushnahan on the Northern Ireland advisory committee and the question of when the Minister became aware of the fact that he resigned. A letter went to the Minister from Frank Daly, I understand. Is that correct?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: In the letter he notified the Minister that Mr. Cushnahan had resigned. Is that not right? That was on 14 November. The letter from Mr. Daly stated that he wished to advise the Minister of the resignation of Frank Cushnahan as and from 7 November. He further stated that he planned to take the opportunity to discuss Mr. Cushnahan's resignation with the board and that he would discuss a...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Did Mr. Daly discuss why Mr. Cushnahan resigned at that point in November 2013? Were there any issues as to why he resigned?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: No issue was ever brought to the Minister's attention. Is that correct? The first time the issues were brought to the Minister's attention was in March. Is that correct? I am referring to the first time something was brought to the Minister's attention. When was that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: At that point he was alleged to be a recipient. That was brought to the Minister's attention. Mr. Cushnahan had been on the NAMA Northern Ireland advisory committee since 2010. Let us move forward to 2011, 2012 and 2013. Did the Minister think at that point that something was wrong if the man was allegedly in line for a payment?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: No alarm bells rang in the Minister's head in relation to this, an alleged payment to somebody.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: I ask the Minister to listen to my question. Did alarm bells ring in his head in relation to the alleged payment to a former member of the Northern Ireland advisory committee who had been on that committee from 2010 right up to November 2013? In the period, all of 2013 - I have all the minutes here before me - there was a discussion in relation to PIMCO and in relation to selling off the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Okay, all right.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: So no alarm bells went off in the Minister's head.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Not in relation to Mr. Cushnahan.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: I am sorry. The Minister should answer me then. I beg his pardon for taking him up wrong.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Reply for me so, sorry. Did alarm bells go off in the Minister's head that a former Northern Ireland advisory committee member was allegedly in receipt of a substantial payment or due to get a substantial payment in relation to the sale process?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: What expression then?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: What did the Minister do with his concern?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: At the next-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Did the Minister ever discuss any of his concerns with Mr. Frank Daly?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: About Mr. Cushnahan.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Did the Minister discuss it?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: Did the Minister discuss it with Mr. Daly at any stage?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Connolly: What did he brief the Minister on?

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