PAC reports sheds new light on incomplete Project Eagle jigsaw
The fundamentals are quite simple - the problem is how the deal was done, writes Hugh O'Connell
Project Eagle is a complex story. It takes in three different jurisdictions, five regulatory and criminal investigations, and two parliamentary inquiries. There are dozens of key players from the world of business and politics involved.
Yet the fundamentals are quite simple. It’s the story of how Nama, the state’s bad bank, sold its entire portfolio of loans in Northern Ireland, codenamed Project Eagle, to a US fund, Cerberus, for €1.6 billion in 2014. In ...
