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

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

My point is that the phone call seems to indicate the fee arrangement and the board minutes record that a fee arrangement had been put in place by PIMCO. PIMCO's letter to us last week stated that it had been approached twice about this fee arrangement but never agreed to it. PIMCO saying it never agreed to this contradicts what the board members were being told. The board was told it was in place and that seems to have been based on the phone call.

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