Nama Scandal: The key players....
The National Asset Management Agency, the bad bank set up to buy and sell impaired loans and based in the Treasury Building (main pic), sold 850 property loans last year in a deal named Project Eagle. While some of the properties were in the Republic and Britain, half of the properties were in the North. Nama sold the property-linked loans to US firm Cerberus for €1.6 bn (£1.3bn), at a loss of over €280m. It claims that the deal was the best value for money for the taxpayer. But it now faces massive questions about the deal after revelations about fees being paid to third parties.
