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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Sorry, it is page 118 of the report, where it says, "The Board noted that PIMCO". Before those words there is a reference to the £16 million of a success fee being split three way. It continues, "The Board noted that PIMCO had advised that the negotiations had commenced" and then goes on to mention Frank Cushnahan. If this was only to do with Brown Rudnick and PIMCO then why mention Frank Cushnahan? The context before that mentioned a three-way split.

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