Nama ‘makes progress’ identifying recipients of misappropriated data

The National Asset Management Agency has made further progress in identifying the recipients of highly confidential data, allegedly misappropriated from it by former executive Enda Farrell, the commercial court was told yesterday.

Cian Ferriter SC, for Nama, said the agency was continuing its investigations into the matter and had identified 15 recipients, all of whom were co-operating.

There were further issues to be tied down in relation to preserving the confidentiality of the material but Nama was hopeful, when the matter was next before the court, it could be addressed by consent orders, counsel said.