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Jobs Minister rejects calls for Commission of Investigation into NAMA's sale of property portfolio

The Jobs Minister has rejected calls from opposition parties in the Dáil for a Commission ...
Newstalk
Newstalk

11.18 7 Jul 2015


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Jobs Minister rejects calls fo...

Jobs Minister rejects calls for Commission of Investigation into NAMA's sale of property portfolio

Newstalk
Newstalk

11.18 7 Jul 2015


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The Jobs Minister has rejected calls from opposition parties in the Dáil for a Commission of Investigation into NAMA's sale of its Northern Ireland property portfolio.

It follows allegations that a solicitor for the buyer put a fee - totalling £7 million from the sale - into an Isle of Man bank account for a politician in the North.

Minister Richard Bruton - who was taking leaders questions in the Dáil for the Government - says there is no need for a Commission of Investigation as NAMA has done nothing wrong:

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Meanwhile Independent TD Mick Wallace, who first raised allegations about the sale of the NAMA loans last week, has turned down an invitation to appear before the Public Accounts Committee.

The Wexford deputy has written to the committee saying politicians are not qualified to investigate NAMA, and that a full independent inquiry should do so instead.

The Chair of Stormont's Finance Committee says Mick Wallace should come before Members to give evidence.

The Wexford TD claimed under Dáil privilege that the proceeds of a sale were earmarked for a Northern politician - and ended up in an Isle of Man bank account controlled by a law firm.

The company has since said money was diverted to an account without its knowledge.

Sinn Féin's Daithi McKay Chairperson of the Stormont's Finance Committee said Wallace: “kicked the whole thing off last week.

"He obviously has some information that would be useful to the committee; we would obviously welcome his participation in our enquiries as well.”

The Finance Committee has met to draw up a list of witnesses to quiz over the Nama loan sale, with one referring to what went on as "a dirty scheme".

The DUP's Paul Girvan said the implications that there's a politician involved in what was a "dirty scheme" means it's vitally important they move as quickly as possible.

Mr McKay told Newstalk Lunchtime they want to hear from the key witnesses "in the next week".

"I think the public want to see answers as soon as possible," he said.

"Certainly we will want to see some of the key witnesses before us in the next week."

"We are conscious that there will be other inquiries taking place in the Dáil and we will want to work with our colleagues in the Dáil to ensure that we are in no way conflicting with each other," he added.


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