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Monday 22 September 2014

Former NAMA employee charged with disclosing confidential data

Published 29/07/2014 | 22:20

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The Treasury Building on Grand Canal Street Lower where NAMA is based .Pic Tom Burke 14/4/10
The Treasury Building on Grand Canal Street Lower where NAMA is based. Photo: Tom Burke

A FORMER NAMA employee has been charged with a number of counts of disclosing confidential data, including information about the businesses of prominent property investors.

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Enda Farrell (38) appeared at Dublin District Court following a two-year garda investigation.

Mr Farrell, with an address in Brussels, Belgium and formerly of Dunboyne, Co Meath, was bailed to appear in court again in two months.

The charges relate to information about major developers, NAMA's hotel portfolio and properties in Germany.

All of the information detailed in the charges was allegedly given via email to employees of investment firms on dates between May and July 2012.

The charges came after a two-year investigation by gardai who launched an inquiry following a complaint by NAMA.

Under the NAMA Act it is an offence for an employee to disclose confidential information, unless authorised or obliged by law to do so.

It is also an offence for a NAMA employee to use confidential information for the direct or indirect advantage of themselves or another person.

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