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Former NAMA official charged with 'unlawfully disclosing confidential information'


Dublin District Court

Dublin District Court

Dublin District Court

A FORMER NAMA official has been sent for trial charged with unlawfully disclosing confidential information.

Enda Farrell (38) had a book of evidence served on him when he appeared in Dublin District Court today.

Mr Farrell, an ex-employee of the National Asset Management Agency, was in court for the second time since July on charges arising from alleged offences two years ago.

The charges relate to information about major developers, NAMA's hotel portfolio and properties in Germany.

The accused, with an address in Brussels in Belgium, and formerly of Dunboyne, Co Meath faces 13 charges of intentionally disclosing information that he knew to be confidential NAMA information, in May, June and July 2012.

Six of the counts accuse Mr Farrell of disclosing confidential NAMA information in May 2012 to two named men from investment company QED Equity Limited.

The information allegedly related to the Cosgrave Group and The Harcourt/Pat Doherty Group.

He is also accused of disclosing information relating to NAMA's German property portfolio to global wealth management and investment company, Cannacord Genuity Limited.

Mr Farrell is further accused of disclosing information about Paddy McKillen's loans, hotels in NAMA, and NAMA valuations of Anglo Irish Bank properties to QED Equity limited in June and July 2012.

He is accused of disclosing information relating to the Lexeme Retail Property Portfolio and the O'Flynn Group/Tiger Developments again to QED Equity Limited in July 2012.

The charges are contrary to the 2009 NAMA Act.

The court heard the DPP had directed trial on indictment and a book of evidence was ready.

Judge Cormac Dunne gave Mr Farrell the formal alibi warning that he must provide to the prosecution within 14 days details of any alibi he intends to rely on in the course of his trial

He sent him forward to the next sittings of Dublin Circuit Criminal Court.

Irish Independent