Saturday 22 October 2016

Michael Noonan to appear before PAC over controversial NAMA loan book sale

Niall O'Connor Political Correspondent

Published 08/10/2015 | 13:07

PAC has agreed to call in Mr Noonan
PAC has agreed to call in Mr Noonan

FINANCE Minister Michael Noonan is to appear in front of the Dail's Public Accounts Committee (PAC) to discuss the controversial sale of NAMA's Northern loan book.

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PAC members today agreed in private to call in Mr Noonan as concern grows over the circumstances surrounding the sale of Project Eagle.

Independent TD Mick Wallace yesterday used Dail privilege to allege that a NAMA insider in Dublin collaborated with US firm Cerebus prior to its purchase of the loanbook.

NAMA yesterday said Mr Wallace made the allegation without producing a "shred of evidence" to support it.

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