Thursday May 28, 2020

Nama finds €352m Quinlan Private loan sale was within rules

Loans were sold for just over €26 million to Clairvue-Nantes

Ian Guider

Markets Editor

@ianguider
3rd February, 2019

A Nama internal review of a deeply discounted sale of €352 million of loans linked to boomtime property investment company Quinlan Private did not breach the agency’s rules, according to documents given to the Oireachtas Public Accounts Committee.

Nama undertook a legal review of the 2012 loan sale late last year on foot of complaints by some members of the PAC and allegations made in the Dáil by the independent TD Mick Wallace...

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