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

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

Unfortunately, the first question I was going to ask has just been asked by Deputy McDonald. I will ask it again anyway. PIMCO was probably the instigator of this bulk sale and it probably first approached solicitors in the UK that came here and changed the whole strategy for Northern Ireland and the sale book. Does the witness believe - again, Deputy McDonald has asked this - that the success fee was the only reason PIMCO withdrew, because of Mr. Cushnahan, Brown Rudnick and Tughans? Was that the only reason, in the witness's opinion, that PIMCO withdrew? Was there any other reason?

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