Senior Nama representatives will appear before the Public Accounts Committee on Thursday to answer questions on the C&AG’s report into Project Eagle. Photograph: The Irish Times

National Asset Management Agency’s audit committee chairman has criticised the Comptroller and Auditor General’s (C&AG) report into the sale of pr(...)

Chairman of Nama Frank Daly (left) and Minister for Finance Michael Noonan. In a letter to Mr Noonan, Mr Daly said department officials expressed surprise about the C&AG’s lack of knowledge of the loan sales.  Photograph: Eric Luke

The Department of Finance raised concerns about a lack of expertise in the office of the Comptroller and Auditor General (C&AG) Séamus McCarthy a(...)

Former head of asset recovery at Nama Ronnie Hanna (left), Nama’s chief executive  Brendan McDonagh (middle) and Nama chairman Frank Daly (right). Photograph: Brenda Fitzsimons

Nama executive Ronnie Hanna played a key role in forcing US company Pimco out of the Project Eagle bidding race – after details of a £15 million “suc(...)

Eagle has landed: Frank Daly, Nama’s chairman. Photograph: Gareth Chaney/Collins

Hasn’t The Irish Times given me a crash course in this before? Indeed it has. You’ve a good memory. It was as recently as July, actually. But there h(...)

Comptroller and Auditor General Séamus McCarthy: Critical of  Nama’s sale of the Project Eagle loans to Cerberus. Photograph: Frank Miller

Nama had already decided to sell its Northern Ireland loans to US company Cerberus before it learned of a potential conflict of interest involving th(...)

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,(...)

Paschal Donohoe:  the Minister intimated that the clash between two of the State’s most powerful public bodies was partly behind the reason to initiate an investigation. Photograph: Alan Betson / The Irish Times

The State’s spending watchdog has published a damning report concluding that the sale by the National Asset Management Agency (Nama) of its Northern I(...)

 Nama chairman Frank Daly: if the agency had kept the Project Eagle portfolio “there would be no investor interested in buying it today”. Photograph: Gareth Chaney Collins

Nama has argued that Comptroller and Auditor General (C&AG) Séamus McCarthy used the wrong calculations to conclude that the agency’s controversi(...)

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’(...)

Prison officers are receiving the equivalent of almost two weeks’ pay each year for overtime hours that they have not worked, a report has found. File photograph: Cyril Byrne/The Irish Times

Prison officers are receiving the equivalent of almost two weeks’ pay each year for overtime hours that they have not worked, a report has found. The(...)

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