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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
We have a situation where, when Mr. Daly, Mr. McDonagh and three board members were here, they were all singing from the same hymn sheet, which was that NAMA took the very strong robust position that PIMCO had to go. That was their position, and that PIMCO was left under no illusions. As far as NAMA was concerned, it had to go. That is not reflected in any of the minutes I have here. Again, the board minutes state that PIMCO sought the acquiescence of NAMA to stay in the game, despite the existence of the success fees. If that is not Mr. Stewart's view, and he was the person who took the minutes of the meetings, he was one of those who was party to these telephone calls-----
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