Results 9,401-9,420 of 21,149 for speaker:Mary Lou McDonald

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Will Mr. Neporent repeat the gentleman's name?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Bibby.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: At that stage, presumably, Brown Rudnick made it clear to Mr. Neporent that it had, in turn, availed of the services of Tughans in Belfast.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Cerberus had no issue with it and assumed it to be okay.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I asked about Tughans. Cerberus was speaking to Brown Rudnick; the matter landed on Mr. Neporent's desk on or around St. Patrick's Day; he was looking for assurances and speaking to Brown Rudnick. He said Mr. Peter Bibby was involved.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Obviously, Brown Rudnick was being upfront with Mr. Neporent in saying it was availing of the services and had the co-operation of Tughans and that it had been working on the portfolio.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: However, Mr. Neporent's testimony is that it never mentioned Mr. Frank Cushnahan.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Let me rephrase my question. Did Mr. Neporent ask Brown Rudnick about it or seek an assurance at that stage that Mr. Cushnahan would not be involved in the new scenario in Cerberus's dealings with Brown Rudnick?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: However, Mr. Neporent did not name-check Mr. Cushnahan.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Although Mr. Cushnahan had been in the middle of the previous controversy. Cerberus then engaged their services on 24 March and we have established that it was bringing to the table information on debtors and assets. Interestingly, Mr. Neporent refers to an abstract of each loan, a view of the debt, business plans, etc. NAMA's testimony to the committee is that the debtors were being very...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I am sorry if this sounds like a simplistic question-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: -----but to whom was the information given that it had brought to the table? Who on Cerberus' side took possession of the abstracts, business plans and so on?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: It is a roll-up team or deal team.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: That makes absolute sense to me. It is to them that the information would go.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Is the witness saying they did not get the information until 24 March?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Okay. That is fair enough. That demonstrates that Cerberus was not blindly taking a chance on the £15 million. It is entirely reasonable and sensible, and the company had to a have a sense that it was getting quality information. It established that by virtue of having sight of a number of samples, as the witness referred to them. It makes perfect sense to me. Not that I will ever...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: On 24 March, they were officially engaged and on 25 March, Mr. Dan Quayle was in Stormont meeting Mr. Peter Robinson, former First Minister, Mr. Simon Hamilton, also of the Democratic Unionist Party and taken on as Minister for Finance and Personnel, and Mr. Ian Coulter of Tughans.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Okay. I was going to raise that with the witness.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: The letter of intent.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Whatever misgivings the witness may have had around the quality of the debtor information being brought to the table, he could have been in no doubt as to their commitment to hook the company in with the relevant stakeholders. They were engaged on 24 March and, lo and behold, they were meeting the First Minister on 25 March, which is literally the day afterwards. They were as good as their...