Oireachtas Joint and Select Committees
Thursday, 1 October 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014 (Resumed)
10:00 am
Mr. Frank Daly:
I must protect myself. I do not have the privilege that the Deputies do. We are working on the basis of what PIMCO told us about Mr. Cushnahan. When it told us he was to receive a fee out of the process, it seemed to us that it was not right, that there was a conflict and that there was the potential for major reputational damage. That was the reason.
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