State faces full probe into Nama assets sale

The Government is facing demands for a full inquiry into the sale of €5.7bn worth of assets sold by Nama in the North and millions of pounds allegedly diverted by a firm to an offshore account.

Jobs Minister Richard Bruton faced questions yesterday about what the Coalition knew about the biggest sale of property in the history of the State and any alleged fee associated with it.

Mr Bruton said the Nama sale last year had been overseen by the State’s spending watchdog and that the asset management agency had at the time received assurances that no fee would be paid.