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

That is not what is reflected in the notes from the conference calls and, quite frankly, that really does not tally with common sense given that PIMCO made the approach to NAMA. I suppose PIMCO was the whistleblower in this scenario. The contemporaneous notes of the phone calls and exchanges relating to the legal and compliance unit in PIMCO and NAMA reflect its concern, its insistence that it would not be party to a process in which these fees were involved, its initial willingness and subsequent insistence that it withdraw.

This is what I would expect a legal compliance unit to do. However, the NAMA board members are suggesting, and the minutes intimate, this is not what happened. The board members are suggesting that PIMCO came to them and asked how to side step it and hang in. It is a very serious charge to level against PIMCO. Does Mr. Soffe understand the seriousness of it?