Nama 'mismanagement' caused €10m loss for taxpayer on property deal

The committee said 'gaps in the law' led to the issues but there was nothing that could be done retrospectively, despite concerns about Nama's management of deals. Picture: Sasko Lazarov

The Public Accounts Committee says new legislation is needed after Nama "mismanagement" and lack of communication caused a loss of €10m to the taxpayer.

The report followed concerns flagged by the comptroller and auditor general (C&AG) of sales by Nama in 2012 to Luxembourg-based company Clairvue.