Nama seeks €48m from two Irish Nationwide borrowers

Nama seeks €48m from two Irish Nationwide borrowers
Michael Fingleton

The case due to begin in January 2016 relates to six loans given out between 2001 and 2007

The National Asset Management Agency (Nama) has begun a legal action seeking repayment of €48 million from auctioneer Louis Scully and businessman David D’Alton.

The case which is due to begin on January 5, 2016 relates to six loans given out by Irish Nationwide to the two men between 2001 and 2007.

Scully and D’Alton are understood to maintain that these loans were given on a non-recourse basis and that Nama is not entitled to pursue them personally for...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post