Developers not buying back property, says NAMA boss

THE chairman of NAMA has strongly rejected claims the agency is selling cut-price properties back to the developers who off-loaded their loans onto taxpayers.

Frank Daly insisted there was no evidence to support the allegations after the Taoiseach expressed concern that bailed-out tycoons were exploiting the system.

He also said NAMA will list all the available property it holds on its website in the next few weeks in an effort to be more open.