OPINION: Five questions for PAC to ask over €5.7bn Project Eagle sale

The controversy started over disputed legal fees at the Belfast law firm Tughans involving £7m (€9.8m) held in a secret account on the Isle of Man.

That led to allegations that a large slice of the hidden monies was earmarked for local ‘fixers’ and a local Northern Ireland politician for their work on a deal.

That the deal-making involved an auction of €5.7bn of loans held by Nama on behalf of the state — Ireland’s largest sale of distressed boom-time loans — has sparked a furore of intense public interest.