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

Mr. Frank Daly:

On Deputy Cullinane's logic, which goes back to the point I made, this is a reference to April 2013 and Deputy Cullinane is implying it is a reference to success fees. Even PIMCO, in its letter, is very precise that there was no discussion about success fees until June 2013. I am quoting from the PIMCO letter. I am just introducing that as a----

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