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

It is difficult to keep one's train of thought so late in the evening, at 7.30 p.m. Ms O'Reilly has made the point clearly. I will not repeat it. On 3 April, did it not occur to her, as head of legal, to say to herself that NAMA discovered this within less than a month of the whole shock over PIMCO and the fees and that it was now 3 April? One would be forgiven for thinking it was 1 April. NAMA had just learned that Brown Rudnick went to Cerberus. Again, did alarm bells not go off in the heads of Ms O'Reilly and Mr. Stewart? Did they not say to themselves that there was something wrong?

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