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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I accept that. I also accept Mr. Corrigan's honesty that he was not told. The Comptroller and Auditor General's criticism is that the board did not seek the information it should have sought. We did. We wrote to PIMCO and asked could it outline to us exactly what happened and who approached whom. It gave it to us. The board never asked for it. If the board of which Mr. Corrigan was a member had asked for it and had got that information, it would have put a completely different complexion on what happened with Cerberus, when that company had an association with Brown Rudnick and Tughans. The board never asked for it.

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