David Cullinane (Waterford, Sinn Fein) | Oireachtas source

So, we are again clear - for the record of the meeting and in the context of our work - that he was basing it on documentary evidence available and presented to him, based on working out the assets over time. He never stated that they had to be held until 2020. There was a £1.49 billion valuation in terms of assets based on fact. There was no evidence to suggest anything other than that. The witness has accepted the point that the Comptroller and Auditor General did not have a difficulty with the 10% being applied as a market discount in terms of the Project Eagle sale because it was a loan sale. The witness is acknowledging that it was not a criticism of his.