Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
11:00 am
Mr. John Corrigan:
I will make one further point. While I do not have an issue with what Deputy Nolan has said, it is not strictly accurate to say State Street has admitted fraud. We believe this to be fraudulent behaviour. In our conversations - I am speaking for the record here - the company has not admitted fraud to us. As I stated, we have reserved our position on this matter. As far as we are concerned, the behaviour was fraudulent.