Explosive report claims Nama has lost the taxpayer more than €18bn

One of Ireland’s biggest housebuilders commissioned a secret report that contradicts entirely the idea that Nama has been a success

26th March, 2017
Explosive report claims Nama has lost the taxpayer more than €18bn
David Daly: the developer believes Nama has been a wasted opportunity which has led to the fire-sale of Irish assets to overseas funds

David Daly’s office is through a discreet doorway in Dublin 4 near the US embassy. He is already seated on a couch when I enter a large room which is the Irish base of the low-profile housebuilder.

Daly is slim and a bundle of energy. He is a determined man and a veteran developer. Since he qualified as a chartered quantity surveyor in the mid-1970s, he has overseen the construction of 12,000 homes in...

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