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

The last line of paragraph 4.14 in the reports states, "The Board agreed that a lower fee should be paid to Lazard if PIMCO emerged as the preferred bidder". That suggests there was potentially a bias towards PIMCO. That it would have been cheaper for it. The whole language seems to suggest that there was a bias towards PIMCO.

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