Monday 20 November 2017

Ex-NAMA executive 'sent data to international businesses'

Tim Healy

THE recipients of highly confidential data allegedly misappropriated from NAMA by former executive Enda Farrell include professionals based in Dublin, London, Paris and Berlin, documents provided to the Commercial Court show.

Mr Farrell said in statements to the court he had gained no financial benefit from the supply of information and had co-operated with NAMA and the National Treasury Management Agency (NTMA) since they initiated proceedings against him.

He also undertook to comply with the requests to help the agencies recover the material from the various individuals.

In affidavits, Mr Farrell said, while employed by NAMA, he emailed information in October 2011 to Fabian Neuenschwander, of a Swiss investment manager, The Partners Group, and that same month, emailed information to Borge Tangeraas, a consultant to the FREO Group in Amsterdam.

He also emailed information to Jos Short, owner of a real estate investment management business, Internos, based in London, in January 2012.


On January 11, 2012, he said he sent information in an email to Denis Morel, an employee of AXA Real Estate Investment Managers based in Paris and, on the same date, sent the same email to Jean Michel Rossi, Laurent Vouin, and Harry Badham, also employees of that firm, the latter based in London.

Emails containing information were also sent to David Jackson and Peter Riley, employees of PRUPUM Real Estate Investment Managers based in London on January 16, 2012, he said.

After he left NAMA, and while employed as a consultant for six months with Forum Partners Investment Management LLC, an English icompany, he said he sent emails between March 30, 2011, and April 17, 2012, to Neil Cable, head of European real estate investments at Fidelity International based in London.

He also sent emails to Darren Ehlert, managing director of IN-West Immobilien based in Berlin and to Borge Tangeraas of the FREO Group.

He also emailed information to Andrew Walker in April 2012 at Forum Partners.

Mr Justice Peter Kelly adjourned case for four weeks.

Irish Independent

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