A property developer has rejected allegations of corruption linked to the controversial sale of Nama’s assets in the North as “garbage” akin to “graffiti on the wall”.

Controversial US fund Cerberus has won a final shoot-out in the latest Nama auction of debtors’ loans — known as the Project Arrow portfolio — which were worth €6.25 billion at face value.

US investment fund Cerberus is to buy the massive Project Arrow portfolio from Ireland's bad-bank.

New claims have emerged about how one Nama developer was approached about the possibility of buying his loans back from an investment fund, months before they were sold by Nama.

A lawyer who transferred money for a massive property deal into his own account has denied it was intended for any politician.

The National Asset Management Agency (NAMA) has sold its entire portfolio of Northern Ireland loans, it was confirmed today.