Oireachtas Joint and Select Committees
Tuesday, 25 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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Can I put the following to Mr. Collison? I mean this genuinely as just a perspective. Given how things developed thereafter, given the fact that at the end of all of this, after all the comings and going have been concluded, NAMA is left, yes, with the sale but, again, with history repeating itself, and let us put it politely, a very deep controversy around success fees and fixers' fees and where they were going, do subsequent events not demonstrate very clearly that a huge mistake was made? Whatever the legal obligation on NAMA, was a big mistake made in not informing Lazard as to what had happened and the reason for PIMCO's withdrawal?