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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) (13 Oct 2016)

Catherine Connolly: Can Mr. Rowntree remember if Mr. Cushnahan ever left the room in regard to a matter?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Never.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Although there are about five or six disclosures by Mr. Cushnahan, he never left the room, even though-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Never. Although now we know that he represented six debtors and a seventh debtor in regard to-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: To return to the University of Ulster report again, which is a key piece of evidence today that has emerged in regard to it, it was commissioned by NAMA, it was paid for or-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: It had a long-term vision on what to do with these properties on a sustainable basis.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Why was it not published then?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: It would also perhaps have informed NAMA policy.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Accepting that document and the vision, did it recommend a selling off of the property in Northern Ireland?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: It is a crucial document looking at strategic development.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Did Mr. Rowntree say that we did not have that in the Republic?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: There was nothing to compare it with in the South.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Mr. Rowntree was one of two external members, is that right?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Mr. Rowntree never had a query about holding the meetings in Tughans?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Mr. Rowntree was not aware of any-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: They were particularly sensitive in regard to that matter.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: The same sensitivity was not apparent in regard to Tughans.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Mr. Rowntree has said this strategic change came suddenly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: I preface that by saying one of the points the Comptroller and Auditor General made in his report was that there was a turnabout. He was not commenting on whether that is right or wrong, but he did not see any evidence justifying that strategic change. Is Mr. Rowntree saying something similar now?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Catherine Connolly: Total agreement.

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