Friday 30 September 2016

There has been political interference 'at the highest level' into the management of Nama’s Ireland loan book, Dáil hears

Published 29/06/2016 | 18:46

Fianna Fail TD Marc MacSharry Photo: Tom Burke
Fianna Fail TD Marc MacSharry Photo: Tom Burke

THERE has been political interference “at the highest level” into the management of Nama’s Ireland loan book, the Dail heard today.

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Fianna Fáil TD Marc MacSharry said there are “allegations flying around” about senior politicians seeking to influence the State’s asset recovery agency on behalf of borrowers.

Mr MacSharry warned that it is illegal for any politician to interfere in the work of the so called bad bank.

“There are allegations flying around about political interference at the highest level in favour of borrower with connections in Nama….perhaps to the detriment of others, perhaps none of this is true but the fact that allegations have been made is a concern,” he said.

The Sligo-Leitrim TD was speaking during a Dail motion calling for a Commission of Investigation to be established into the sale of Nama’s €1.6bn Project Eagle loan book.

The motion was lodged by former property developer and now Independent4Change TD Mick Wallace.

Mr Wallace said he is going to set up a website called NamaLeaks.ie with the assistance of some of those involved in leaking information from CIA whistleblower’s Edward Snowden.

The former builder said he will invite people with information on Nama’s work to leak information confidentially to his website.

A vote will be held tomorrow on the motion.

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