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
Mary Lou McDonald (Dublin Central, Sinn Fein)
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He probably did not need it as he was advising seven debtors who represented 50% of the portfolio. I suggest he did not necessarily have to come to the board's meeting to have extensive debtor information.
The meeting then heard that the payment to Mr. Cushnahan was a significant issue, of which Mr. Soffe made great play. However, at no stage in any of the documentation is it reflected that the board resolved to tell PIMCO that all bets were off and say "cheerio". As we heard in an earlier exchange, the papers tell a very different story.