Mountcharles: Developers toasted NAMA rescue in Spain

LORD Henry Mount-charles, the aristocrat and owner of Slane Castle in Meath, has claimed property developers have been toasting their rescue by the proposed NAMA legislation with fancy dinners in the south of Spain.

He said that a close friend overheard a group of Irish developers and builders in a restaurant in Puerta Banus, near Marbella, earlier this month, singing about the National Asset Management Agency (NAMA) and toasting Finance Minister Brian Lenihan.

“They were having a conversation about building matters and sites, and then they started singing... and they were clinking their glasses and having a fun old time. They then stood up and toasted the Minister for Finance,” Lord Mountcharles told Marian Finucane in an interview on RTÉ radio.