PAC to hear from another key player in Project Eagle sale

A Lazard executive will give evidence this morning

PAC to hear from another key player in Project Eagle sale

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The Public Accounts Committee (PAC) will hear evidence today from another key player in the controversial Project Eagle sale by the National Asset Management Agency (NAMA).

Patrick Long, who heads up the asset management firm Lazard, will give evidence before the committee this morning.

Lazard acted as a loan sales advisor to NAMA.

The PAC is investigating claims from the Comptroller and Auditor General (C&AG) that NAMA's northern loan book could have fetched around €200m more than the actual sale price.

Issues around Project Eagle are also being investigated by agencies in the US and the UK.