NAMA defends debtor builders’ €200k

THE National Asset Management Agency has defended its decision to sanction salaries of up to €200,000 for developers who owe in excess of €1 billion to taxpayers.

Top executives at NAMA yesterday defended the salaries on the basis that developers were best-placed to recover the maximum amount of debt owed to the state.

During questioning by the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, it was also revealed that NAMA: