Oireachtas Joint and Select Committees

Tuesday, 25 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

Furthermore, we have inferences in the board minutes of ostensible commitments to transparency on the part of PIMCO.

To me, that is very loaded language in a minute of a board meeting. According to my reading, it demonstrates hostility on the part of NAMA towards PIMCO having bothered coming forward. There is a very firmly stated position by the board, the people who are in charge, the CEO and the chairman, that PIMCO was actually prepared to do whatever it would take to stay in. That does not tally with anything I have seen. With no disrespect to Mr. Stewart, a narrative about thinking out loud simply does not cut it. He is a legal professional and I am sure he will appreciate the point I am making.

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