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TD Mick Wallace 'inundated' with Nama allegations

By Ronald Quinlan

Published 01/08/2016

Mick Wallace
Mick Wallace

Up to 40 people, including developers, solicitors, former employees and businesspeople, have come forward with allegations of serious misconduct involving Nama, the Republic's bad bank, it has been claimed.

Independent TD Mick Wallace said he had been inundated with would-be whistle-blowers.

The figure may grow even further in the coming weeks with the establishment of Namaleaks in conjunction with Intercept, the online forum that assisted CIA and NSA whistle-blower Edward Snowden.

The website is expected to go live within a number of days.

"We're just about there - it's a vehicle that's never been in Ireland before," Mr Wallace told the Sunday Independent.

"This is the first of its kind. If people have worked in Nama or with investment funds and they have seen poor practice, and they want to see it exposed, we're cr­ea­ting a vehicle where they can send proof of it."

Anyone who provides information in relation to alleged wrongdoing involving Nama or agents acting on its behalf can rest assured that their identities "will be 100% protected", Mr Wallace insisted.

"We won't be protecting it (their identities), because we won't know who they are," the campaigning TD explained. "This is being structured by an organisation in America."

Referring to developers, former Nama employees and others who have already come to him with allegations of wrongdoing involving Nama, Mr Wallace said he was "well aware" the majority of them had a vested interest and did not necessarily agree with his politics.

But he added that he had listened to them and sought, with the assistance of his team, to establish the truth or otherwise of their claims.

Mr Wallace is due to meet with Taoiseach Enda Kenny in the near future to discuss his repeated calls for a commission of inquiry into Nama's sale of its €5.6bn Northern Ireland loan book to American private equity giant Cerberus.

Nama was approached to comment on Mr Wallace's claims, but it declined to do so.

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