Tughans

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Seán Fleming, chairman of the Oireachtas Public Accounts Committee, said he was stunned that Nama was continuing to pay fees to Tughans. Photograph: Cyril Byrne

The National Asset Management Agency (Nama) has been urged to disclose all its dealings with a Belfast law firm at the centre of the Project Eagle con(...)

PAC chairman Seán Fleming at the publication of the committee’s report on Nama’s  Project Eagle sale. Photograph: Cyril Byrne

At midday yesterday the Oireachtas public spending watchdog produced a hard-hitting report into the National Asset Management Agency’s sale of the Pro(...)

Frank Cushnahan is a former member of Nama’s Northern Ireland advisory committee.

Stripping away its complexities, Project Eagle boils down this: Nama sold a collection of assets that ultimately belonged to the Irish people to US co(...)

 Frank Cushnahan: Bidder Pimco told PAC  it had pulled out of the Nama auction  after  Brown Rudnick sought a £16m fee to be shared with Mr Cushnahan and Belfast solicitors, Tughans. Photograph: Press Eye

Lawyers at the centre of the row over Nama’s sale of its Northern Ireland loans portfolio say one of the bidders, US company Pimco, knew that former N(...)

Martin McGuinness at the Public Accounts Committee Project Eagle hearing at Leinster House: “I think they were very, very close, that’s my view.” Photograph: Dara Mac Dónaill

Northern Ireland Deputy First Minister Martin McGuinness told TDs that he believed former first minister Peter Robinson and ex-Nama adviser Frank Cus(...)

Nama  rejected any suggestion that it did not set out the circumstances of Pimco’s withdrawal accurately. Photograph: Cyril Byrne

Former Nama adviser Frank Cushnahan sought more than £5 million (€5.8 million) in fees from a bidder for the agency’s Northern Ireland loans while he (...)

Moving east out of Belfast, the terraced houses in the lee of the now silent cranes of the Harland and Wolff shipyard gradually yield to the leafy, m(...)

Northern Ireland’s then minister of finance and personnel, Sammy Wilson, was critical of the agency  publicly “auctioning” the portfolio. Photograph: Arthur Allison/Pacemaker

Political pressure led Nama to limit the information it gave potential buyers for Project Eagle, deterring some companies from bidding for the loans,(...)

The C&AG report says Nama’s sale resulted in the loss of €220 million for the taxpayer. Photograph: Cyril Byrne

What is Project Eagle? Project Eagle is the name given to the National Asset Management Agency’s Northern Ireland property loans portfolio, which it (...)

Seamus McCarthy: “the decision to sell the loans at £1.3 billion involved a significant probable loss of value to the State”

Comptroller and Auditor General (C&AG) Séamus McCarthy’s report into Nama’s £1.3 billion sale of its Northern Ireland loans challenges the agency’(...)

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