Seán Fleming (Laois, Fianna Fail) | Oireachtas source

Let us understand the sequence. I want to take us through the sequence without going through any transcripts. PIMCO came and told the witnesses that it had a success fee arrangement in place. Its legal advisers in the State said that it must disclose it. NAMA had board meetings on it, it was a major issue of concern and the witnesses say that it was of such significance to the board meeting that PIMCO's bid was fatally flawed because of the seriousness of the situation. Is that correct?