Thursday September 24, 2020

PAC is split over €1.6bn Project Eagle sale

Fine Gael members unwilling to sign report that says Nama lost money

18th December, 2016
'Difficult year' for Nama over Project Eagle Pic: RollingNews

The parliamentary inquiry into Nama’s controversial €1.6 billion sale of its Northern loan book is facing a serious split among members this weekend.

The Public Accounts Committee (PAC) has been probing Nama’s controversial sale of Project Eagle, following the publication of a report by the Comptroller & Auditor General which found that the toxic loans agency’s decision to sell the loans to vulture fund Cerberus resulted in a “probable loss” to the state...

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