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:

The logic of that is a question for PIMCO. We believe they should have told us during the 2013, as far back as April when they were first introduced to Mr. Cushnahan. That in itself, to my mind, would be something to be concerned about, but particularly in June when there was discussion of a success fee, according to PIMCO, that certainly was one that should have been totally drawn to our attention.

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