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Thursday 26 April 2018

McGuinness discussed Nama sale in phone call

Northern Ireland's First Minister Peter Robinson and Martin McGuinness Deputy First Minister. Pic Frank Mc Grath
Northern Ireland's First Minister Peter Robinson and Martin McGuinness Deputy First Minister. Pic Frank Mc Grath

Shane Phelan and Philip Ryan

Sinn Féin's Martin McGuinness was present during a conference call where the controversial sale of Nama's Northern Ireland loan was discussed.

Mr McGuinness and First Minister Peter Robinson were joined by Finance Minister Michael Noonan during the call in January last year.

Crucially, minutes of the telephone conversation show a letter of intent provided by investment company Pimco was discussed during the call.

Pimco was in the running for the loan book until the firm's compliance staff informed Nama that a former adviser from the agency, Frank Cushnahan, stood to earn €5m in fees should the company win the bid.

Mr McGuinness, Northern Ireland's Deputy First Minister, has said he was not aware of the Pimco letter Nama received in January 2014.

Separately a former special adviser to Mr Robinson, Emma Pengelly, is to be nominated to the Stormont inquiry investigating claims he was in line to benefit from a corrupt payment.

Irish Independent

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