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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Was it ever raised with the Minister?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Ms Nolan might know that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Yes, I am aware of that. I am talking about April.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: So Ms Nolan did not know that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Okay. It is a date that is reflected in board minutes and in contemporaneous telephone notes-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: -----but Ms Nolan had no access to that. I thank Ms Nolan. With regard to PIMCO's withdrawal, the witness has said that NAMA said to the Department of Finance that it had made it clear to PIMCO that PIMCO was to hit the road and withdraw.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I mean no disrespect Ms Nolan but I need to hear this from Mr. Reid because, unless I am wrong it was Mr. Reid who had the conversations.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Okay.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Yes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: He rang Ms Nolan also.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: What did he say?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Did they mention to Ms Nolan any attempt by PIMCO to seek their acquiescence to stay within the process?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I am sure that Ms Nolan is aware, of course, that PIMCO has corresponded with the committee.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: PIMCO absolutely refutes NAMA's account of events around that time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I am just checking with Ms Nolan-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Okay, except that Ms Nolan had received a telephone call and that she had-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I thank Ms Nolan. What is Ms Nolan's attitude now to the Comptroller and Auditor General's report? Does she accept the findings of the report?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I am glad that she heard that this morning but I should remind Ms Nolan that the Comptroller and Auditor General had actually said that previously.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: That is fine.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: What is Ms Nolan's reaction to the very damning findings or issues that arise in that report with regard to conflicts of interest?

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