Independent TD Mick Wallace
Readers may recall a Bloomberg report from earlier this week about how a shortlist of three bidders for the largest loan portfolio every put up for sale by Nama – called Project Arrow – includes Cerberus Capital Management LP.
Last year Cerberus bought Nama’s Northern Ireland loan portfolio – called Project Eagle. In the Dáil last month Independent TD Mick Wallace claimed the Project Eagle sale involved over 850 properties with a par value of €4.5billion for less than €1.5billion.
The Project Eagle sale was the subject of a Public Accounts Committee meeting last month and is the subject of a criminal inquiry by the PSNI, following further claims made by Mr Wallace in the Dáil.
Mr Wallace claimed £7 million sterling ended up in an Isle of Man bank account which was reportedly earmarked for a Northern Ireland politician or political party.
Further to this, Sarah Bardon, in the Irish Times, reports:
“An independent investigation into the sale of a multibillion-euro National Asset Management Agency portfolio, named Project Arrow, has been called for by Independent Wexford TD Mick Wallace… Mr Wallace also said he had received a number of new allegations about the workings of Nama and intends to make some of those public when the Dáil resumes in September.”
“A Nama spokesman said any allegation of wrongdoing should be sent to gardaí to be investigated. “Nama can make no comment on the allegations Mr Wallace plans to make using Dáil privilege as it has no information on what they are until he chooses to make them,” said the spokesman.”
Previously: Dough And Arrow
Laura Hutton/Rollingnews.ie
When will the people say enough is enough??
When it’s over.
That is, after proper penalties for corrupt practices are made enforceable.
Yes; however, Mick Wallace should practice what he preaches before getting in to the Mary Lou mode of hypocritical mud slinging from the plinth.
When will people
Like Wallace
Just go straight to the GardaiGardai
More like
WTF are CAB for
FFS
The pits
speaking of which, is that a massive sweat stain on mick’s shirt, or the shadow of someone’s head?
WTF, no wonder he’s sweating with that furry black yoke on his shirt anyone would!
This is such a non-story
Your boys are going down.
Only the NI boys
Zero evidence has been produced that shows any foul play on the part of NAMA
Yet
That is a baseless statement scottser
Yet they redacted it-WTF you think Frank was doing while NAMA was discussing selling its NI loan book,scratching his b*ls,or taking notes for the buyers he went on to advise!
“Nama can make no comment on the allegations Mr Wallace plans to make using Dáil privilege as it has no information on what they are until he chooses to make them,” said the spokesman.” – in others words we have done so much dirty sh*t in this deal we don’t want to say anything we shouldn’t!
What is body set up to police corporate enforcement and goverenence in all of this
doing, do they suffer from the same malaise as the financial regulator used to some years back. Is the current red herring about the IRA in the North being employed, to hide another aspect of NAMA’s failure to manage the tax payers property portfolio, there an election due, there’s an urgent need to halt the rise of SF, theres a lot of soft jobs at stake…..Establishment Ireland North and South has the jitters, coming
events cast their shadow,