Nama did not refer breach for a month

Nama became aware that confidential data had been misappropriated by one of its employees, Enda Farrell, on Aug 12 but the agency did not notify the gardaí for another month, its chairman, Frank Daly, told the Oireachtas committee on finance.

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.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited