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

This is my last point, which should not be missed. The witnesses have not just said that. They said that PIMCO connived to stay within the process and that it sought their acquiescence in that regard. That is their position on it. I am a little astonished because the seriousness of asserting that seems to have gone over their heads. I would imagine the head of the legal division of PIMCO and PIMCO corporate would not be best impressed or pleased at the suggestion that an entity such as theirs attempted to sidestep regulation and the law. That is what the witnesses are asserting.

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