This morning.
The Comptroller and Auditor General Seamus McCarthy fielded questions from the members of the Public Accounts Committee following his office’s report into Nama’s sale of Project Eagle.
During his appearance…
Oof. Comptroller & Auditor General, testifying at PAC, says the fee-sharing arrangement with Frank Cushnahan warranted further investigation
— Gavan Reilly (@gavreilly) September 29, 2016
Oh. C&AG sent first drafts of Project Eagle report in January. NAMA didn’t raise issue about 5.5%/10% discount rate dispute until June
— Gavan Reilly (@gavreilly) September 29, 2016
That, it later turned out, was the major crux of NAMA’s defence when the report was finally published
— Gavan Reilly (@gavreilly) September 29, 2016
@gavreilly he is incorrect on this point
— Gordon MRM (@gordon_mrm) September 29, 2016
FF’s Shane Cassells tells #PAC that Frank Daly’s citation of Brexit as justifying Project Eagle “strikes me as a Del Boy attitude” #nama
— Gavan Reilly (@gavreilly) September 29, 2016
C&AG says NAMA wanted to meet him in March about his inquiries into Project Eagle but he turned it down because he felt it inappropriate
— Gavan Reilly (@gavreilly) September 29, 2016
The meeting has just been suspended until 2pm when chairman of Nama Frank Daly will appear.
From 2pm, watch here
Previously: A Probable Loss Of Value To The State Of Up To £190million’