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NAMA chair denies agency could have got a better return on Northern Irish loans

The chairman of NAMA has denied that the agency could have got a better return on the sale of its...
Newstalk
Newstalk

07.28 1 Oct 2015


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NAMA chair denies agency could...

NAMA chair denies agency could have got a better return on Northern Irish loans

Newstalk
Newstalk

07.28 1 Oct 2015


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The chairman of NAMA has denied that the agency could have got a better return on the sale of its Northern Ireland loans.

The claims from Frank Daly came after the chairman of the Public Accounts Committee (PAC) lashed out at the Department of Finance, accusing it of interfering with its investigations.

The department has published new documents about the sale of the Northern Ireland loans, but only did so late last night with a PAC meeting scheduled for this morning.

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They include the log of a conference call between Sinn Féin's Martin McGuinness, the Finance Minister Michael Noonan and Northern Ireland First Minister Peter Robinson, during which the Project Eagle loan book was discussed.

The documents were only published at 9.00pm, leaving members with little time to digest them before hearings today with officials from NAMA.

Mr McGuinness says the timing of the documents - and a warning from a civil servant this morning about exceeding its limits - are a huge concern.

NAMA chairman Frank Daly says the blame for the cheap sale lies with Irish banks - and he has denied allegations of corruption made by Deputy Mick Wallace.


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