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NAMA 'not misled'

THE National Asset Management Agency (Nama) has moved away from suggestions that it was given false and misleading information by banks in relation to loans.

In a letter sent to the Financial Regulator Matthew Elderfield, the agency's chief executive Brendan McDonagh does not refer any matter to the regulator in respect of the conduct of any regulated entity.

"Nama's letter informs us that it does not have a valid basis to suspect that there has been any criminal offence or other contravention of the Nama Act," Mr Elderfield indicated in a letter to the Dail Public Accounts Committee on December 17.