Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Public Accounts Committee

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

10:00 am

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

I will come to that in a moment. We have established that the legal and compliance unit approached NAMA. The witnesses' contention is that having approached in that way, the legal and compliance division of PIMCO then sought to sidestep its regulatory and legal duties in an effort to stay within the process with NAMA's acquiescence. That is what the witnesses have told us today.

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