Oireachtas Joint and Select Committees
Tuesday, 18 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Willie Soffe:
Let me explain our position. First of all, when we became aware that PIMCO were paying a success fee and that it involved Mr. Cushnahan, our position was clear. I was at the board meeting. We found it unacceptable and we would not tolerate a situation in which a success fee was going to be paid to somebody who had been with NAMA, either on a board, a committee or on the staff.