Results 11,381-11,400 of 21,157 for speaker:Mary Lou McDonald

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Okay. With respect to the kind of documents that he would have acquired, what sort of information or documentation was that? Did he dispose of that documentation himself?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: All right, and yet Mr. Daly was concerned that the documents would be-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: There is no need to be defensive, I am just trying to establish the facts.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: When Mr. Daly appeared before the committee in July, I asked him a question regarding Mr. Cushnahan's relationship with Tughans solicitors. As we know from previous hearings, a number of the Northern Ireland advisory committee meetings were held at Tughans' offices. That struck me as odd and deeply inappropriate but that is what they were held. I asked Mr. Daly to clarify what he knew...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: To confirm that. I thank Mr. Daly for that.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: To this day, Mr. Daly has no knowledge of that?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: I thank Mr. Daly. The letter I referred to earlier, which Mr. Daly said is standard when somebody departs a board, is, therefore, interesting. I can confirm this is Mr. Cushnahan:... I have returned to you/securely disposed of all documentation obtained while a member of the Northern Ireland Advisory Committee of Nama. This includes all information received on my behalf by my designated...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: When did Mr. Daly see that letter? Was he aware of the letter when he appeared before the committee in July?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Would it not have registered with Mr. Daly when he was asked specifically about Mr. Cushnahan's relationship with Tughans?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Yes, but is this not part of Mr. Daly's body of knowledge?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: It is part of Mr. Daly's institution's paperwork.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Do not be cute. This is hardly-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: I would have assumed that. Mr. Daly stated there was no access to confidential information by people who were clearly on the inside track in terms of membership of the advisory committee and access to meetings alongside his good self with Ministers and officials. Of course, we subsequently know that the same Mr. Cushnahan, along with other political figures - Mr. Robinson, in particular -...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Were Tughans not on the NAMA panel?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Notwithstanding Mr. Daly's position on the committee and the comings and goings of Mr. Cushnahan and his relationship with NAMA, were Tughans on the NAMA panel of solicitors?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: There were meetings at their offices and NAMA's guy not only has an office on their premises, he also has designated persons to whom the agency sends information or correspondence or whatever, which we have gleaned from the letter. That was poor oversight and bad management, at the very least, on Mr. Daly's part.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: The difficulty arises, Mr. Daly-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: As Mr. Daly well knows, a member of his advisory committee - Mr. Daly is in charge of this operation, as is the Minister for Finance, Deputy Noonan in his role in the Government-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Yes, and Mr. Daly is the chairman. Is that correct?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Mary Lou McDonald: Yes. So Mr. Daly's man has this relationship with Tughans and has personnel based in Tughans and, it is suggested, may have been giving advice or information to debtors and so on. Mr. Daly has said he knows nothing about that. Tughans, themselves, have acknowledged that he was a person who sent them business and clients. If ever there was a situation riddled with conflict of interest,...