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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 understand all that and it has been stated.

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.

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. My question is the Minister's concerns in relation to Mr. Cushnahan receiving or about to receive a substantial sum of money. The Minister had no concerns about that or, if he had, what did he do about 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: I will leave it there.

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 asked the Minister what he did with-----

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.

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 not trying to prove anything.

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 not.

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 any event, the nominations came. They were approved by the Minister or the board of management.

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: The board of NAMA.

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: The board of NAMA, okay.

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: The Minister has stated repeatedly here today that politics has no role in NAMA, and rightly so, and that he had no role in the sales process whatsoever or in giving it directions. Is that not 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: Sorry, politicians.

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 state at one point, after or during a meeting in Northern Ireland, that the only game in town was - there was only one bidder - PIMCO?

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: Let me, for the record, put what I have. The Minister referred accurately to the note by the principal private secretary to the then First Minister, Mr. Jeremy Gardner, on 27 September 2013. It states that the Minister, Deputy Noonan, explained that despite its commercial mandate NAMA had a range of social obligations, that, however, Deputy Noonan pointed out that NAMA could not impose...

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: "Blatantly incorrect."

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 going to finish. There are just two factual points to finish here.

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: Absolutely.

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: This is dated 27 September 2013 and Mr. Reid is saying it is incorrect. It states that Deputy Noonan indicated whilst there could be no exclusivity clause, there was, in his view, only one potential buyer. Is that incorrect?

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 that is correct.

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