Thursday 24 May 2018

O'Flynn seeks full detail of all who got his confidential information in Nama leaks

Paddy McKillen Picture: Johnathan Adam Davies
Paddy McKillen Picture: Johnathan Adam Davies
Michael O'Flynn Picture: Damien Eagers
Ronald Quinlan

Ronald Quinlan

The names and addresses of all those who received confidential information relating to property developer Michael O'Flynn's business arising from former Nama official Enda Farrell's misconduct at the agency have been sought in an order for discovery made as part of High Court proceedings.

The Sunday Independent understands that apart from seeking to establish the identities of anyone who may have come into the possession of his companies' private financial information, O'Flynn and his brother John also intend to seek damages from Nama for breach of confidence, misfeasance in public office and breach of statutory duty.

The Cork-based developer brothers have issued the same proceedings against Farrell, who only last May received a two-year suspended sentence after pleading guilty before Dublin Circuit Criminal Court to eight counts of unlawfully disclosing information in breach of the 2009 Nama Act.

The O'Flynns' pursuit of Nama and Farrell is the second legal action arising from the former Nama official's prosecution.

Last October, the Belfast-born property investor Paddy McKillen launched proceedings against Nama, the Minister for Finance Michael Noonan, former Department of Finance secretary-general John Moran and former Nama officials Paul Hennigan and Enda Farrell in which he alleged misfeasance in public office.

Apart from the O'Flynns and McKillen, the Sunday Independent understands that at least one other major property developer has been in contact in recent weeks with the Garda Bureau of Fraud Investigation (GBFI), seeking further detail in relation to the former Nama official's leaking of his companies' confidential information.

Sunday Indo Business

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