Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I mean the success fees. We are missing the point that the concern that PIMCO had was not just that this was not appropriate but that it was potentially illegal. As the loan sales adviser, how did Mr. Long ensure that the law was not broken? I am very surprised that Mr. Long is so mild in his response to NAMA and the fact, as it seems to me, that he was deliberately kept in the dark.

It appears from the board minutes, which Mr. Long has also read, that they deliberately did not tell Lazard about something that was not just an inconvenient blip but rather something so serious that PIMCO's legal and compliance unit were in long conversations with the head of NAMA legal and compliance. What I want to know is how Lazard, as the loan sale adviser, ensured that the law was not broken.