Two men to be prosecuted on fraud charges over Nama's £1.2 billion Project Eagle loan sale
The £1.2 billion property deal is described as the biggest ever in Northern Ireland.
Your contributions will help us continue to deliver the stories that are important to you
The £1.2 billion property deal is described as the biggest ever in Northern Ireland.
The agency took over the investigation in 2015.
The commission of investigation will primarily deal with the sale of Nama’s Northern Irish loan book, otherwise known as Project Eagle, in April 2014.
The PAC report into Nama’s Northern Ireland loan book sale was being debated last night.
The Public Accounts Committee published its report into the sale today.
The Dáil Public Accounts Committee declared this morning that the sales strategy for Project Eagle was “seriously deficient”.
Noonan met with senior Ceberus representatives on the eve of the bid closing date.
The Deputy First Minister of Northern Ireland has been giving his side of the story regarding the Project Eagle debacle.
PAC chairman Sean Fleming said he’d give the Nama directors red cards if he were a referee.
Noonan’s appearance before PAC is rare for a sitting minister, though not unheard of.
Nama chairman Frank Daly is appearing before the PAC this afternoon.
A new poll shows seven out of 10 people have no faith in the State-owned bad bank.
Leo Varadkar yesterday accused Opposition TDs of launching a “witch hunt”, adding that Noonan is only accountable to the Dáil.
Meanwhile, Mary Lou McDonald wants Michael Noonan to appear before the Public Accounts Committee.
Fianna Fáil want an inquiry to look into the Government’s strategy for Nama to “accelerate the sales process”.
In a scathing statement today, Nama says that the entire report is flawed, categorically rejecting the findings.
A report into the sale process used to get rid of the Northern Ireland loan book will be published today.
Earlier, Enda Kenny said: “I’m not sure what Fianna Fáil are at here.”
This comes after a BBC Spotlight investigation which cast doubt over the motives of one of their advisers.
There are growing calls for a public inquiry in the controversial 2014 sale, to US investment company Cerberus Capital Management.
Public Accounts Committee vice-chairman Alan Kelly said he has been approached privately by a Nama executive prior to Nama’s appearance before the PAC.
The independent TD has called for a commission of inquiry to be set up to investigate claims surrounding the state agency.
The company is under investigation for its role in a deal in Northern Ireland.
Meanwhile, Nama hit back strongly against “unsubstantiated” new allegations made today by Wallace.
Nama executives fought back against claims by the Wexford TD.
… but only to those ‘entitled’ to know.
“I have lived my public life on the basis of doing things for the public and in the public interest.”
Earlier, the Public Accounts Committee heard that a businessman who advised Nama on the sale was due to receive about £5 million from one of the failed bidders for its Northern Ireland property portfolio.
The Wexford TD is calling for an independent investigation into concerns surrounding Nama’s Northern Ireland property deal.