David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Mr. Mulcahy also said the lack of information is overstated. However, PIMCO was prepared to pay these three partners £15 million for the information. We also know from Cerberus that it was also prepared to pay two of those parties £16 million for the information. Clearly, there was a price and a premium on information, given that they were prepared to pay that kind of money. It was not overstated. It was obviously very valuable information if they were prepared to pay a price for it.