Pimco letter now puts Nama on the defensive
Published 11/11/2016 | 02:30
Pimco's letter to the Accounts Committee (PAC) has certainly ramped up pressure on Nama over Project Eagle.
It was already under fire due to the Comptroller and Auditor General's (C&AG) finding that it made a probable loss of £190m (€223m) with the deal.
Now, failed bidder Pimco has insisted it withdrew from the sale process after alerting Nama to concerns about an alleged success fee to be paid to Nama's former adviser Frank Cushnahan and others.