Nama official told firm ‘way could be found for deal’

A senior Nama official told US firm Pimco — the original bidder for the Northern Irish loan book — that some other way could be found to stay in the process, despite the emergence of controversial “fixer” fees.

Nama executive Ronnie Hanna played a key role in forcing Pimco out of the Project Eagle bidding race — after details of a £15m “success fee” emerged.

At a meeting of the Dáil’s Public Accounts Committee (PAC), emails and board minutes relating to Pimco’s exit from the process were discussed.