Thursday 27 April 2017

Wallace can't keep making sensational claims then refuse to elaborate further

'Can Mr Wallace make sensational claims, demand inquiries and then refuse to elaborate or report them?'
'Can Mr Wallace make sensational claims, demand inquiries and then refuse to elaborate or report them?'
Dearbhail McDonald

Dearbhail McDonald

Independent TD Mick Wallace's claims that nearly €10m had been transferred from a Belfast law firm to a bank account in the Isle of Man following the sale of Nama's Northern Ireland loan book were simply stunning.

Rumours had circulated for months about aspects of the purchase of the Northern Ireland loan book following the resignation of Frank Cushnahan from Nama's NI advisory committee and the departure last January, from Tughans law firm, of its former managing partner Ian Coulter.

After Mr Wallace dropped his political bombshell, Nama chairman Frank Daly told the Dáil's Public Accounts Committee that US investment firm Pimco had agreed to pay £5m (€6.97m) to Mr Cushnahan if its bid for the loans succeeded, adding some credence to questions raised by the colourful Wexford TD.

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