NAMA denies knowledge of insider dealing

NAMA has said it had no idea that a former employee had purchased a property from the so-called toxic bank's books.

A Sunday Times investigation revealed yesterday that a former executive bought a home in Lucan, Co. Dublin, which had not been advertised on the open market, from the agency's portfolio in 2011.

The agency is now said to be investigating whether the transaction which breaches NAMA legislation was an isolated incident.