David Cullinane (Waterford, Sinn Fein) | Oireachtas source

First of all, it was Mr. Soffe's opening remarks that made reference to there being no corruption in the process. We are talking about process, conflicts of interest and what we know. It has been accepted by the Minister that there was a corrupted process. We know from Mr. Daly's evidence given before the committee that such was the shock within the board of NAMA when they found out about the success fees, that PIMCO had to get out of town very quickly. That is disputed in the Comptroller and Auditor General's report. That is what I am trying to get at. How does all of that sit with the statement that this was not a corrupted process? I am not attributing any wrongdoing to any individual. I am saying that it is accepted now that the process was corrupted.