Monday 23 October 2017

McKillen lobbied Taoiseach to intervene over Nama loan

Nick Webb

Nick Webb

Paddy McKillen, the art collecting property investor locked in a savage legal battle with the Barclay Brothers over his stake in the iconic Claridges Hotels business, personally lobbied Taoiseach Enda Kenny to intervene on his behalf with Nama.

Documents released to the Sunday Independent under the Freedom of Information Act, reveal that Mr McKillen wrote to Enda Kenny in May of last year. "I am asking that you would examine this issue as a matter of urgency with a view to directing Nama to desist from seeking to acquire my bank loans," he wrote.

"It is my view that Nama has lost its way and is working to an agenda which runs counter to the efforts of the new government to get this economy moving again," Mr McKillen added.

The property tycoon said: "Having avoided the property debacle, not having invested in Irish property since 1998, and with international experience in the area, I would also welcome the opportunity to advise you generally on the Irish property market and on what I consider to be the prerequisites for recovery."

Mr McKillen also lobbied Finance Minister Michael Noonan, Justice Minister Alan Shatter and Social Protection Minister Joan Burton.

A response from the department of Finance to McKillen noted that Nama had agreed to "devise and implement a process which will afford you the right to make representations prior to any decision" on his loans.

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