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 Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Mr. Stewart can tell me about it later. Will he, please, stick to this issue? This development dates back to the origination of the deal with PIMCO and the proposal in respect of an acquisition B. It was not something that had popped up out of nowhere; it was part of the arrangement from the get-go when PIMCO was approached. The split was mentioned some time ago. He was telling NAMA that although they were only contacting it at that point, there had been mention of it in the past. He went on to say inquiries had been made and the matter was then looked into in more deal in the second half of 2013.

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