Belfast Telegraph

UK Website Of The Year

Nama row: Stormont committee vows investigation 'will not be shut down' after being snubbed by Nama and Department of Finance

By Rebecca Black

Published 16/07/2015

Sinn Fein MLA Daithi McKay
Sinn Fein MLA Daithi McKay

The chairman of the Finance Committee at Stormont has vowed an investigation into allegations around the Northern Ireland Nama portfolio will not be shut down.

Questions arose over the propriety of the sale of Nama assets after Irish TD Mick Wallace claimed in the Dail that a Northern Ireland politician was to benefit from £7m in an offshore bank account.

Ian Coulter, a lawyer at the centre of the affair, has denied that any of the money in an Isle of Man account was intended for any politician.

The Stormont Finance committee is conducting an investigation into the matter.

Speaking during a brief committee meeting earlier today Daithi McKay revealed that Nama had indicated it will not give evidence to the probe.

He also slammed as an “insult” that the Department of Finance and Personnel did not send anyone to today’s meeting.

Mr McKay told committee members that the inquiry would continue spite the ongoing criminal investigation into the matter by the National Crime Agency.

“We are not being shut down, we just need to reframe how we approach this,” Mr McKay told the committee.

SDLP MLA Dominic Bradley echoed Mr McKay’s sentiments describing it as “unacceptable” that the Department “snubbed” the committee.

The committee has received letters from Cereberus, Pimco, Tughans, Nama and an anonymous email about sale of Nama assets.

In a statement issued this morning, the Law Society said it was not called to attend. It has offered to meet with the committee to answer any questions which they might have.

The DFP committee is due to meet again next week and the inquiry will continue, but with new terms of reference due to NCA probe.

Mr McKay has indicated that he plans to write to the Irish Finance Minister Michael Noonan asking him to urge Nama to attend the committee.

The Sinn Fein MLA met with representatives of the NCA yesterday.

Read more:

Q&A: The Nama deal explained

Who’s who in Nama loans row?

Nama row: Gardai launches investigation into bribery allegations following Dail claims  

TD Wallace '100% certain' Nama £7m was for politician in Northern Ireland  

Taoiseach under fire for not following Northern Ireland lead by launching an inquiry into scandal 

Lawyer Ian Coulter ends silence over his role in £1.3bn Nama property deal  

Nama witnesses will be forced to give evidence at Stormont hearings into property deal

Nama probe may call up those who were named in explosive hearing  

Namagate: The extraordinary story of money, power and politics  

Nama deal: debtors helped uncover £7m at centre of Northern Ireland loan sale scandal

Nama deal: Peter Robinson says he is not aware of any evidence that any politician was trying to profit from sale of Northern Ireland property

Frank Cushnahan was set to make £5m from Nama property deal, TDs told  

Explosive £5m 'sale fee' revealed  

Nama chairman insists political pressure did not influence sale of Nama's £1.3bn loans book

PSNI launches inquiry into £1.3bn Nama deal  

Online Editors

Read More

From Belfast Telegraph