Oireachtas Joint and Select Committees
Thursday, 24 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
Shane Cassells (Meath West, Fianna Fail) | Oireachtas source
In a note, Tom Rice, the European legal counsel at PIMCO, stated it did not want to continue in a process with any degree of impropriety for PIMCO or NAMA and that PIMCO was willing to withdraw completely. At this point, Ronnie Hanna asked whether PIMCO had considered other options and when Tom Rice asked to which options he was referring, Ronnie Hanna asked if it could be shaped differently for the arrangement fee to come out. Why was that asked, given that NAMA had been categorical on the subject earlier?
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