Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

No. Mr. Soffe is correct that the investigations will run their course but there is money resting in an Isle of Man account that needs to be accounted for. At some stage, those questions will come back in one form or another and this sequence of events will be part of that. I would like an answer in terms of when the conversation with Mr. Snow took place. We would be appreciative it if Mr. Soffe could provide that.

From my reading of the minutes, in the midst of its shock and awe on 13 March when discussing PIMCO and so on - I am referring to page 118, appendix B - and the success fees in respect of Mr. Cushnahan in particular, which Mr. Soffe stated earlier were a matter of concern to him, the board noted that PIMCO had advised that the negotiations had commenced in April 2013. It further noted that Frank Cushnahan had not resigned as a member of the NIAC until 7 November 2013. Can Mr. Soffe explain the reference to April 2013? We know that the initial letter from Brown Rudnick to Mr. Peter Robinson issued in June 2013 and that NAMA was informed in July 2013 about the interested parties. However, it is stated in the minutes that the board noted that PIMCO had advised that the negotiations had commenced in April 2013. In terms of my understanding of the minutes, that means that the fixer's fee or success fee was agreed with Mr. Cushnahan in April 2013. That predates the correspondence, the chain of which we have gone over many times in this committee. Am I correct in making that assumption? Perhaps Mr. Soffe would explain the reference to April 2013.