Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
Catherine Connolly (Galway West, Independent) | Oireachtas source
That was the process. Of those, neither of the witnesses has dealt in these papers or today with the reasons for those bidders not continuing. Some withdrew, some refused to participate. The Comptroller and Auditor General has set out reasons, but the witnesses did not address these.
There was a complaint that PIMCO had an advantage, having been in the process for a very long time. The witnesses did not deal with that issue. They did not deal with the fact that others withdrew because the timespan was too limited and access to the data room was limited, considering that PIMCO had access for something like eight to ten weeks prior to the process. Is all of that not correct?
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