David Cullinane (Waterford, Sinn Fein) | Oireachtas source

When NAMA was before the Committee of Public Accounts in July of last year dealing with these issues, Mr. Daly stated, "The board decided that if PIMCO did not withdraw, NAMA could not permit it to remain in the sales process." He went on to state, "Suffice it to say that it was left in no doubt that if the withdrawal was not voluntary, it would have to be involuntary." How does that tally with Appendix E and the discussions in terms of the conference calls, etc., that took place between NAMA's and PIMCO's legal representatives, particularly as this assertion is being made again to the effect that NAMA was pushing PIMCO out? However, when we analyse matters - this was the Comptroller and Auditor General's analysis of those conference calls, etc. - something else seems to be suggested.

When he was last before this committee, Mr. Daly stated: "Suffice it to say that it was left in no doubt that if the withdrawal was not voluntary, it would have to be involuntary." He said they did not believe it was tenable for PIMCO to remain in the process. Does that chime with what is in Appendix E?