Monday 5 December 2016

Fionnan Sheahan: Whatever happened to Coalition's promise of transparency?

Published 19/12/2013 | 02:30

Fine Gael TD John Deasy who established that 10pc of the staff members who left the company went on to work for property and private-equity buyers.
Fine Gael TD John Deasy who established that 10pc of the staff members who left the company went on to work for property and private-equity buyers.

'We will insist on the highest standards of transparency in the operation of NAMA, on reduction in the costs associated with the operation of NAMA, and that decision-making in NAMA does not delay the restoration of the Irish property market." -- Towards Recovery: Programme for a National Government 2011-2016.

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The operation of NAMA caused enough concern for Fine Gael and the Labour Party for the coalition parties to include a clampdown in the Programme for Government.

The revelations at the National Asset Management Agency this week would suggest the Government has failed in that commitment.

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