
Former Nama adviser Frank Cushnahan
Five months after Independent TD Mick Wallace first raised concerns about the sale of Nama’s northern Ireland portfolio in the Dáil…
BBC reports:
“The National Asset Management Agency (Nama) has written to a former adviser asking him why he did not disclose potential conflicts of interest.
“Frank Cushnahan sat on Nama’s Northern Ireland advisory committee from 2010 until November 2013.”
“A Stormont inquiry heard he met the Pimco investment fund in May 2013 to discuss Nama’s Northern Ireland loans.”
“Nama has asked him to comment on how he determined he was not required to tell them about that meeting.”
“It has also asked him to provide details of any other meetings with Pimco or “other parties” in relation to the possible sale of the Northern Ireland loans portfolio.”
“Mr Cushnahan went on to advise Pimco after he left his Nama role and was in line to receive a £5m fee if its bid for the portfolio was successful, an Irish parliamentary committee was told.”
“… Nama has also asked Mr Cushnahan why he did not disclose his shareholding in the Graham property group, which was a Nama debtor.”
“…Mr Cushnahan has always denied any wrongdoing in relation to his Nama role.”
Meanwhile…
Nama deal: Frank Cushnahan asked to explain non-disclosure of potential conflicts of interest (BBC)
Cushnahan may face State ethics watchdog over Project Eagle deal (Irish Times)
Previously: ‘Nama’s Answer To My Question Is Not True’
The Eagle Has Landed
“What Did They Get The €5million For?”
Project Eagle And The €3.5 Billion Haircut
Pic: Irish News