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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 (29 Sep 2016)

Catherine Connolly: Mr. Daly has had ample time to set this out, but he has not done so. He has repeated that there were nine bidders. I am just correcting the record based on what I have seen. That is simply all I am doing. He has not objected to this and-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Mr. Daly actually did earlier. If I picked him up incorrectly, I apologise.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Was Fortress invited?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Is the delegation sure of that? I understand Fortress was invited to enter the process.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Did Fortress have to write to anybody to get into the process? Did it have to write to any politician?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: My question is on whether it had to write to anybody to express interest in the project.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: That is the way he got in.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: The witnesses will have heard the Comptroller and Auditor General say this morning that there could have been a better follow-up-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Mr. Daly-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Mr. Daly is selecting, as I am. The point I am making is that there were bidders which were unhappy with the process. 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 (29 Sep 2016)

Catherine Connolly: Good. That is reported in the statement of the Comptroller and Auditor General.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: That is all I want to know. Let us move forward to the follow-up. Mr. Daly has listened. When my colleague asked him whether he had learned anything, I was absolutely astounded by his reply. I have sat on this committee only since March. I have been a member of the committee since I was elected, but I do not know of anybody who came here and said he or she had nothing to learn-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: What was that? Was it "tweaking"?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: If I appear to be going fast, it is simply because I am time focused. I would much prefer if I had another hour to go slowly through it. Mr. Daly said he would have tweaked different things, perhaps in respect of record-keeping. I do not see it written anywhere, based on anything he said publicly, including today, that he has acknowledged the concern of the Comptroller and Auditor...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: May I continue, Chairman? I was interrupted at the beginning when Mr. Daly started and my whole train of thought went. Regarding the follow-up, the Comptroller and Auditor General said Mr. Daly should have written to Mr. Cushnahan whom Mr. Daly knew personally as he sat on a charity board with him. 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 (29 Sep 2016)

Catherine Connolly: Will Mr. Daly just listen to my question? He knew Mr. Cushnahan personally.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Did it come as a shock to Mr. Daly-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Why did the agency not write a letter to him when the shocking news came out that he was going to benefit? He had been a member of the Northern Ireland advisory committee. Why did Mr. Daly not follow up with a letter to him, at the very least?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: Looking back, knowing what we know now, does Mr. Daly believe he should have done something differently? I acknowledge that I am asking with the benefit of hindsight and having seen the "Spotlight" programme.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Catherine Connolly: I refer to any action Mr. Daly, as chairperson of NAMA, saw fit to take in respect of Mr. Cushnahan when he made the discovery.

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