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 David CullinaneDavid 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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