Oireachtas Joint and Select Committees

Thursday, 17 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Mr. John Corrigan:

There was no correspondence. Mr. Stewart has explained why that was the case. On the face of it, Mr. Cushnahan had resigned from the Northern Ireland Advisory Committee in November 2013 and the PIMCO transaction was not going ahead. The reason the board did not proceed with it is because it had no evidence of any wrongdoing. Subsequent events might suggest otherwise, as the Deputy is implying, but it was the reputation risk that we were concerned about and that is why we did not proceed with it.

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