Project Eagle inquiry runs into quicksand
Published 28/08/2015 | 00:00
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.
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.