Nama insider ‘did not buy below value’

Nama insider Enda Farrell did not buy his €410,000 home in Sundays Well, Lucan, below value, according to an internal Nama investigation.

When it emerged in August that a former employee had bought a property from a Nama debtor, the State’s bad bank called in Deloitte to carry out an independent investigation into the facts surrounding the transaction.

The internal review found that the Mr Farrell had not followed all of the internal guidelines to avoid conflicts of interest in Nama.