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
I do not agree with Mr. Daly but I hear what he is saying. He made this comment in the context of a report in which conflict of interest was also of major concern to him, not just the price. Is that right? The conflict of interest got a whole chapter, which Deputy McDonald has gone through, as have others. Looking at it, I see PIMCO having to withdraw and I say, thanks be to God for its compliance unit, because it was its compliance unit that alerted NAMA to this, not NAMA's compliance unit, which I might come back to. That is the first point. Then the two solicitors who were involved in London and Belfast were due fees. Is that right? Now they would lose out and would not get anything. Is that right?
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