Ms Ann Nolan:

If the success fee had been paid to the person buying it, certainly there would be a role to play by the Minister and the Department. I know there have been allegations since, but we did not know that at the time. If we thought there was something improper going on, of course we would have had a role. PIMCO withdrew and the question at that point was whether or not the Minister or the Department should intervene. There was no knowledge at the time that would have justified such an intervention.