Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I want to come to the big picture about why NAMA decided to sell the portfolio in one lot shortly, because we have not really dealt with that issue but it is where the taxpayer lost out. However, I wish to clarify some issues first.

PIMCO made the disclosure to NAMA, and it has made the point that it came to NAMA first. However, NAMA made the point that if PIMCO did not leave voluntarily, it would have left involuntarily. PIMCO made the disclosure initially about the potential conflict of interest issue. Is that correct?