Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

Fair enough, and we will get the other side of those stories when they appear before the committee. Did it not sound odd to the Minister at the time that PIMCO withdrew? NAMA representatives have said that they got PIMCO to withdraw, but PIMCO is of a different view. Granted this was a difficult and busy time in the Government as there were ongoing issues regarding charities and the Garda Commissioner but did it not appear odd to the Minister and his Department that within a short space of time once PIMCO withdrew, given the payment fees that were announced, although now there is a difference of views as to whether it withdrew or not, Tughans and Brown Rodnick had switched horses and suddenly another package was put together and the sale was in place? Did it not seem odd to the Department how quickly this had been turned around?

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