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

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

In PIMCO's opinion, it would not have been less because it assessed the market much more positively than NAMA. That is a fact. That is set out. That is a fact that has been set out by PIMCO.

Let me ask a few more specific questions. I have a question about Cerberus for the legal team. When it was communicated to NAMA that there was €15 million - all of this has been set out and dealt with already - what did the legal team advise in respect of follow-up? Perhaps Ms Aideen O'Reilly can answer.

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