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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
When Mr. Soffe said earlier that the process had not become corrupted, this is the sleight of hand, when we talk about corruption we talk about corruption of process, we can use the words "corruption" or "compromised". This is where there is a difficulty because NAMA accepts that because of the presence of the success fees involving Mr. Cushnahan it was so serious that the board had to meet. It decided that PIMCO had to go and that this was disgusting, something that could not be tolerated but Mr. Soffe accepts that the process was compromised and this could have damaged, and did damage, the process but he does not accept that it corrupted it.
I did not say that.
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