Oireachtas Joint and Select Committees

Thursday, 10 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 Seán FlemingSeán Fleming (Laois, Fianna Fail)
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On 4 December 2013, PIMCO made an offer of up to £1.3 billion. NAMA considered that a week later on 12 December and eventually settled on a reserve of £1.3 billion. We have put the question. Does the Comptroller and Auditor General think there is a connection between the £1.3 billion PIMCO offered and NAMA setting a reserve price of £1.3 billion out of the blue?