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

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

I have that point. I have limited time and I have a number of other questions. Mr. Long was asked earlier by Teachta Catherine Murphy about the rationale for limitations in terms of the loan sale strategy, and he said that was a good question, the fact that PIMCO made an approach made that a very relevant factor in regard to the board's position on that, that the board wanted to have a marketing process. It had a marketing process, but while it wanted to have one it did not want a consequence of that to be that it would ultimately lose PIMCO. Does that not reaffirm what I was said earlier, that it was certainly influenced heavily by PIMCO's involvement and wanted to keep it in the game, that perhaps it did meet PIMCO half way and that there potentially was an inherent bias towards PIMCO?

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