Nama defiant over sale of €5.7bn in loans to US fund

Nama was toughing it out last night amid calls from Stormont and in the Dáil that it review the process behind the controversial sale last year of €5.7bn of loans to a giant US fund.

In an unusual display of unity, leading DUP and Sinn Féin members of the Stormont Finance Committee claimed yesterday that the sale process that led to Cerberus buying a huge bundle of northern loans for the heavily discounted price of €1.6bn in April 2014 was deeply “flawed”.

Senior DUP MLA Paul Girvan said that revelations of last week had unearthed what he called a “dirty scheme”.