Seán Fleming (Laois, Fianna Fail) | Oireachtas source

I refer to two pages of the Comptroller and Auditor General's report, one of which is page 117, which refers to the board meeting of 11 March regarding PIMCO. It states: "In light of Frank Cushnahan's involvement in the PIMCO bid, the board discussed whether PIMCO's bid, at this stage, was fatally flawed [very strong words] given the potential perception that PIMCO might have benefitted from insider information as a result of Frank Cushnahan's involvement." The board, when it discussed Frank Cushnahan's involvement, considered it so serious as to state that it made the whole process potentially flawed. Am I reading it accurately?