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Taoiseach facing calls for Nama sale inquiry

By Nevin Farrell

Published 06/06/2016

Taoiseach Enda Kenny
Taoiseach Enda Kenny

Pressure is growing on Taoiseach Enda Kenny to launch a formal inquiry into Nama's sale of its Northern Ireland loan book following the arrest of two men in Co Down.

Frank Cushnahan and another man were arrested last week by officers from the National Crime Agency as part of a probe into Project Eagle, a deal that saw US private equity giant Cerberus snap up Nama's Northern Ireland property loan book for £1.26bn.

Nama adviser and businessman Mr Cushnahan has consistently denied any wrongdoing over the Project Eagle property deal. Both men were questioned and bailed the following day.

Meanwhile, developers whose loans were transferred to Nama will seek access to evidence prepared for the criminal prosecution of a former official at the agency over concerns that sensitive details about all its debtors were leaked.

The Sunday Independent reported the information involved lists of properties including those linked to Belfast developer Paddy McKillen.

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