Nama: Probe slates Michael Noonan's failure to halt loanbook sale

Stormont report claims Minister did not act despite allegations

10th March, 2016
Michael Noonan. Pic: RollingNews.ie

The Finance Committee writes that: “Given the seriousness of this revelation by [bidding company] Pimco, it is unclear why the Irish government’s minister for finance, Michael Noonan, did not intervene at this point, by exercising his general powers of direction over Nama to suspend the sales process until matters were investigated fully.”

The report states that Noonan could have halted the sales process once the fee arrangement had been disclosed, and...

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