Nama did not refer breach for a month
Mr Daly said Nama had to make sure it had a strong prima facie case before the gardaí were notified. The consultancy firm Deloitte was retained on Aug 6 to look into the circumstances of the unauthorised purchase by Mr Farrell of a Nama property.
It was during this probe that it was uncovered Mr Farrell had forwarded sensitive information to his wife at Ernst & Young.