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Nama body discussed loan link to politicians

By Simon Rowe

Published 17/08/2015

A Nama advisory committee discussed the possibility there could be inappropriate contact from Northern Ireland politicians a year before the controversial sale of its northern loan portfolio.

Documents obtained under the Freedom of Information Act reveal the issue was considered at a meeting attended by the agency's chairman, Frank Daly, in April 2013.

The disclosure comes as the National Crime Agency continues to investigate claims a Northern Ireland politician or party stood to receive up to £7.5m in kickback payments related to the deal.

A year after the meeting, the portfolio, codenamed Project Eagle and once valued at more than £3bn, was sold to US investment fund Cerberus for £1.2bn. Cerberus has strongly denied making any inappropriate payments in connection with the deal.

Nama has insisted it did not receive any inappropriate approaches either before or after the meeting of its Northern Ireland Advisory Committee.

Inquiries into the sale are taking place in Dublin and at Stormont.

Belfast Telegraph

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