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

In the conference call on 11 March 2014, the head of asset recovery, Mr. Ronnie Hanna inquired about other options. PIMCO asked what he meant by it, and Mr. Hanna asked if the deal could be shaped differently for the arrangement fee to come out. This is fairly explicit that NAMA was seeking to reorder or reshape things to keep PIMCO in it. It does not support the board members’ assertion.

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