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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
No, Cerberus. Although the board considered the PIMCO bid was fatally flawed, the compliance unit did not think anything needed to be done. Those two positions are mutually contradictory. The compliance unit thought there was no big deal, however when it went to the board, the board said it was fatally flawed. It is a serious issue that renders something fatally flawed. If it does that, it crosses the barrier for being a compliance issue.
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