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01/03/2016
Adams Calls For Investigation Into 'Project Eagle' Sale By NAMA
Sinn Féin Leader Gerry Adams has called for an investigation in relation to the sale of the National Asset Management Agency's (NAMA) northern loan book.
Mr Adams has demanded establishing a Commission of Investigation following questions around NAMA's sale of 'Project Eagle'.
The Louth TD added Michael Noonan, Enda Kenny and Joan Burton have "repeatedly refused" to recognise increasing public concern surrounding NAMA's northern loan book sales process.
"This is despite myself and other TDs publicly and repeatedly challenging them to do so," he said.
"Sinn Féin does not believe the taxpayer got best value for money from the sale of Project Eagle to a US vulture fund at a huge discount.
"I have asked why NAMA and Minister Michael Noonan failed to abandon the flawed sales process when another bidder, PIMCO, made a very serious disclosures to them about ‘fixers’ and fee arrangements.
"It is extraordinary that Michael Noonan failed to inform the executive of these disclosures.
"Sinn Féin is again demanding an independent Commission of Investigation to examine the damning allegations of insider trading and political cronyism."
(LM/CD)
Mr Adams has demanded establishing a Commission of Investigation following questions around NAMA's sale of 'Project Eagle'.
The Louth TD added Michael Noonan, Enda Kenny and Joan Burton have "repeatedly refused" to recognise increasing public concern surrounding NAMA's northern loan book sales process.
"This is despite myself and other TDs publicly and repeatedly challenging them to do so," he said.
"Sinn Féin does not believe the taxpayer got best value for money from the sale of Project Eagle to a US vulture fund at a huge discount.
"I have asked why NAMA and Minister Michael Noonan failed to abandon the flawed sales process when another bidder, PIMCO, made a very serious disclosures to them about ‘fixers’ and fee arrangements.
"It is extraordinary that Michael Noonan failed to inform the executive of these disclosures.
"Sinn Féin is again demanding an independent Commission of Investigation to examine the damning allegations of insider trading and political cronyism."
(LM/CD)
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