C&AG report: ‘Shadow of Nama adviser Cushnahan looms large’

Finance Minister Michael Noonan and senior Nama officials have been accused of failing the public by allowing the Project Eagle sale to continue, despite knowing Nama adviser Frank Cushnahan was set to benefit substantially from the deal.

Opposition parties made the claim as they called on all ongoing Nama transactions to be frozen immediately while an investigation into the State property group’s deals takes place.

Responding to the report into the multi-billion euro Project Eagle controversy, Fianna Fáil finance spokesperson Michael McGrath said there are “very serious” questions over why the deal was not axed when Mr Cushnahan’s “inappropriate” involvement became apparent.