Public Accounts Committee receives dossier on Nama’s Project Eagle sale
File of 800-pages on €1.6bn disposal of NI loans understood to have come from developer
Nama sold its Northern Ireland property loans portfolio, Project Eagle, to US company Cerberus in 2014 for some €1.6billion. File photograph: Cyril Byrne/The Irish Times.
The correspondence was sent to members of the committee earlier this week but was given to the Oireachtas legal team for consideration. TDs were given a
It is understood the information was compiled by a developer based in Northern Ireland, who had previous dealings with Nama.
The person makes a number of claims against a number of officials in the agency, politicians and the police force.
Project Eagle is the name given to the National Asset Management Agency’s Northern Ireland property-loans portfiolio, which it sold in April 2014 to Cerberus, a US company, for about €1.6 billion.
The Pac has conducted an investigation into the sale and concluded Nama’s sale strategy was flawed.
A commission of investigation has been established into the transaction but it has been delayed due to a failure to hand over certain documentation regarding the sale in Northern Ireland.
The commission of inquiry, led by former High Court judge John Cooke, said Nama was co-operating with its investigation but that its method of collecting documents had omitted relevant material.
The commission said it had received 34,000 documents relating to the €1.6 billion loan deal in two separate tranches in February and March this year.
It is understood the documentation sent to the committee has also been forwarded to Mr Justice Cooke.