Richard Burgon – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Richard Burgon on 2015-12-03.

To ask Mr Chancellor of the Exchequer, whether he took the National Crime Agency investigation into the Project Eagle loan sale by Ireland’s National Asset Management Agency to Cerberus into account in decisions on the sale of UK Asset Resolutions’ Granite Portfolio to Cerberus.

Harriett Baldwin

Cerberus was selected as the successful bidder for UK Asset Resolution (UKAR)’s Granite portfolio following a thorough due diligence process. Cerberus have confirmed to UKAR that their involvement in the Project Eagle loan sale was conducted with the utmost integrity; and have separately provided a detailed submission to the Northern Ireland Committee on Finance and Personnel, which conducted a full enquiry into the sale.