Menu
01/03/2016
Adams Calls For Investigation Into 'Project Eagle' Sale By NAMA
Sinn Féin Leader Gerry Adams has called for an investigation in relation to the sale of the National Asset Management Agency's (NAMA) northern loan book.
Mr Adams has demanded establishing a Commission of Investigation following questions around NAMA's sale of 'Project Eagle'.
The Louth TD added Michael Noonan, Enda Kenny and Joan Burton have "repeatedly refused" to recognise increasing public concern surrounding NAMA's northern loan book sales process.
"This is despite myself and other TDs publicly and repeatedly challenging them to do so," he said.
"Sinn Féin does not believe the taxpayer got best value for money from the sale of Project Eagle to a US vulture fund at a huge discount.
"I have asked why NAMA and Minister Michael Noonan failed to abandon the flawed sales process when another bidder, PIMCO, made a very serious disclosures to them about ‘fixers’ and fee arrangements.
"It is extraordinary that Michael Noonan failed to inform the executive of these disclosures.
"Sinn Féin is again demanding an independent Commission of Investigation to examine the damning allegations of insider trading and political cronyism."
(LM/CD)
Mr Adams has demanded establishing a Commission of Investigation following questions around NAMA's sale of 'Project Eagle'.
The Louth TD added Michael Noonan, Enda Kenny and Joan Burton have "repeatedly refused" to recognise increasing public concern surrounding NAMA's northern loan book sales process.
"This is despite myself and other TDs publicly and repeatedly challenging them to do so," he said.
"Sinn Féin does not believe the taxpayer got best value for money from the sale of Project Eagle to a US vulture fund at a huge discount.
"I have asked why NAMA and Minister Michael Noonan failed to abandon the flawed sales process when another bidder, PIMCO, made a very serious disclosures to them about ‘fixers’ and fee arrangements.
"It is extraordinary that Michael Noonan failed to inform the executive of these disclosures.
"Sinn Féin is again demanding an independent Commission of Investigation to examine the damning allegations of insider trading and political cronyism."
(LM/CD)
Related Irish News Stories
Click here for the latest headlines.
11 March 2016
Noonan Must Explain Sale Of NAMA's Northern Loanbook - FF
Michael Noonan must urgently explain the situation surrounding the sale of NAMA's northern loanbook, Fianna Fáil Finance Spokesperson Michael McGrath has said.
Noonan Must Explain Sale Of NAMA's Northern Loanbook - FF
Michael Noonan must urgently explain the situation surrounding the sale of NAMA's northern loanbook, Fianna Fáil Finance Spokesperson Michael McGrath has said.
21 October 2015
Sinn Féin Call On Govt To Establish NAMA Commission Of Investigation
Sinn Féin has called on the government to establish a "Commission of Investigation into the sale of NAMA's loan books, including its northern loan book".
Sinn Féin Call On Govt To Establish NAMA Commission Of Investigation
Sinn Féin has called on the government to establish a "Commission of Investigation into the sale of NAMA's loan books, including its northern loan book".
02 December 2010
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
22 October 2014
NAMA Questioned Over Sale Of Property Assets
The Minister for Finance is being urged to attend a debate in the Seanad in relation to NAMA's strategy of selling off property assets while the property market is still in recovery. Labour Senator Lorraine Higgins said this will result in the Irish taxpayer missing out on potentially higher revenue from property deals.
NAMA Questioned Over Sale Of Property Assets
The Minister for Finance is being urged to attend a debate in the Seanad in relation to NAMA's strategy of selling off property assets while the property market is still in recovery. Labour Senator Lorraine Higgins said this will result in the Irish taxpayer missing out on potentially higher revenue from property deals.
06 August 2012
Call For Investigation Into NAMA Deal
Revelations that a senior executive at NAMA was able to purchase a property from the agency's portfolio which was not put up for sale on the open market should be referred to the Gardai to investigate further under the NAMA Act 2009, according to Fianna Fáil Finance Spokesperson Michael McGrath.
Call For Investigation Into NAMA Deal
Revelations that a senior executive at NAMA was able to purchase a property from the agency's portfolio which was not put up for sale on the open market should be referred to the Gardai to investigate further under the NAMA Act 2009, according to Fianna Fáil Finance Spokesperson Michael McGrath.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
