Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014
9:30 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Excuse me. Mr. Daly knew about the £15 million, which PIMCO informed him about. Given that PIMCO knew about it, we can be sure Brown Rudnick also knew about it. Presumably the parties who were party to the £15 million knew about it. Mr. Daly dealt with the situation, to his own way of thinking, adequately. However, in the name of God, when round two came around and the same firms and personalities were on the scene, who presumably knew about the £15 million, it did not sound an alarm bell in Mr. Daly's head. If he was not prepared to suspend the sale the first time around, and if he did not call a halt the second time around with the same cast of personalities, I do not know what kind of fireproofing or good practice it is.
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