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
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
Fantastic. I can only take from this that Ms O'Reilly, as the person in charge and to keep everything on the straight and narrow, did not ask direct questions in respect of Mr. Cushnahan and the point at which he first gets involved or has an association or an arrangement with PIMCO. Ms O'Reilly has given reasons for that. Be that as it may, she did not ask the question. She is aware, in this context, of the quantum of the fees in question, which were big bucks. That raises many other questions. I am struck by the fact that her sentiment, as recorded here, is that there is no reporting obligations to her advisers and no reference or consideration here around anything else. It seems to be a view of home and hosed, PIMCO is out, problem solved and there is nothing to worry about here. That may have been Ms O'Reilly's genuine view and position at the time.
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