Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
As the witness knows, it was not just about access to the data room. PIMCO had access to debtor information and so on and so forth. I accept Lazard could not have known that at the time. That is not my point at all.
Mr. Long remains resolute in a position that there was competitive tension and this was a competitive process. That is entirely at variance with his acceptance that PIMCO enjoyed a competitive advantage. He cannot have it both ways. I do not understand how Mr. Long can at this time in this committee room remain so resolute in his position that the process was competitive while at the same time accepting that PIMCO enjoyed an advantage over other bidders. That is a contradiction.
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