Project Eagle: Nama officials face grilling at PAC

Two powerful State agencies, one of the biggest sales of State-owned loans, and plenty of questions.

Officials with the National Asset Management Agency (Nama) attended the high-profile Public Accounts Committee (PAC) and faced a grilling over the damning criticism of Project Eagle.

The portfolio of Northern Ireland property-linked debts was originally valued at £4.5bn (€5.3bn) but they were bought by Nama for £2bn (to help Irish banks lend again) and eventually sold for £1.3bn (€1.6bn).