Alan Kelly (Tipperary, Labour) | Oireachtas source

On Lazard's role, which is central to our discussion, it seems incredible that a company was paid £4.5 million for this project but was not asked to do any analysis or work in respect of portfolio evaluation or the sales process at the beginning, and was not provided at the end with information about the process by which PIMCO pulled out or the integrity of the process and decision making because it did not have all the information about how that had happened in the first place. It begs the question what it was paid for. Is it fair to say that the role of Lazard here and the job it was hired to do were not normal by the standards of the type of work it does, given that it was not allowed to do the work preceding the sale and post-sale analysis of the integrity of the process?