06/07/2015
NAMA To Answer Question Over Northern Loan Book Sales
The National Assets Management Agency (NAMA) is to appear before a the Irish parliaments Public Accounts Committee (OAC) amid controversy surrounding the sale of its assets in Northern Ireland.
In Ireland, Independent TD, Mick Wallace, has claimed that a lawyer working for Tughans, the law firm involved in the sale of NAMA's Northern loan book, established a secret bank account in the Isle of Man.
Using Dáil privilege, Mr Wallace went on to claim that the bank account contained €9.8m, which was "earmarked for an unnamed Northern Irish politician".
According to a report by the Independent.ie, the money has since been recovered from the account by Tughans, who have reported the matter to the Northern Ireland Law Society.
The Independent.ie claim that NAMA will appear before the Oireachtas Public Accounts Committee on Thursday.
In Ireland, Independent TD, Mick Wallace, has claimed that a lawyer working for Tughans, the law firm involved in the sale of NAMA's Northern loan book, established a secret bank account in the Isle of Man.
Using Dáil privilege, Mr Wallace went on to claim that the bank account contained €9.8m, which was "earmarked for an unnamed Northern Irish politician".
According to a report by the Independent.ie, the money has since been recovered from the account by Tughans, who have reported the matter to the Northern Ireland Law Society.
The Independent.ie claim that NAMA will appear before the Oireachtas Public Accounts Committee on Thursday.
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There has been high-level support expressed for the work of the Irish Republic's National Asset Management Agency, (NAMA) and its impact on NI finances.
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