Sunday 4 December 2016

Project Eagle inquiry runs into quicksand

Published 28/08/2015 | 00:00

Stormont's finance Minister Arlene Foster stopped a senior civil servant from reappearing over fears his evidence could impact on an investigation by the UK's National Crime Agency
Stormont's finance Minister Arlene Foster stopped a senior civil servant from reappearing over fears his evidence could impact on an investigation by the UK's National Crime Agency

The parliamentary inquiry into the sale of Nama's northern loan portfolio is going nowhere fast, if its hearings to date are anything to go by.

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A few eyebrows were raised when the portfolio, involving 900 loans which at one point were worth €5.7bn, sold for €1.6bn in April last year.

But the sale of the Project Eagle loans became the ultimate hot potato when details emerged in recent weeks of millions held in an offshore account, allegedly earmarked for political kickbacks.

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