Monday 22 January 2018

How State guards against 'risk of potential abuse' at toxic bank

Concerns have been raised about Nama staff after they leave the job, writes Ronald Quinlan, Special Correspondent

Ronald Quinlan

Ronald Quinlan

THEY'RE the men and women tasked with policing the business affairs of Ireland's 850 biggest property developers and speculators.

As employees of Nama, they enjoy a power that is almost unique in the Irish public service, operating as they do in an environment where issues of 'commercial sensitivity' frequently provide an effective shield from questions in relation to the decisions they make on the survival or otherwise of developers, and the billions of euro in property loans controlled by the agency.

With the future fortunes of the Irish economy so dependent on Nama's success, it should surprise no one when concerns are expressed in relation to the manner in which its officials conduct their business while working there, and perhaps more importantly what they do when they leave.

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