Nama rejects Project Eagle claims

Three senior Nama board members have rejected claims the State property group made any attempts to help a US investment firm stay in the Project Eagle bidding process after fixers’ fee concerns were raised.

Nama rejects Project Eagle claims

Nama credit committee chief Willie Soffe and board members Brian McEnery and Oliver Ellingham issued the denial during a six-hour meeting with the Dáil’s public accounts committee meeting which also heard claims other credible bidders were ignored.

Speaking during the meeting, Sinn Féin deputy leader Mary Lou McDonald said she has seen documentation where US firm Pimco asked Nama to “acquiesce” and allow it to stay in the bidding process after alleged fixers’ fee payments to former Nama Northern Ireland advisor Frank Cushnahan emerged.

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