Fianna Fáil’s Marc MacSharry TD has reacted to the new claims about alleged irregularities in the sale of NAMA’s loan book in Northern Ireland.  The claims, based on secretly recorded conversations, were contained in a BBC Spotlight documentary broadcast last night.

Deputy MacSharry commented, “As the various claims about impropriety surrounding the sale of the Project Eagle loan book in Northern Ireland have emerged over recent months, the case for a full investigation in this jurisdiction has grown steadily stronger.

“Up to this point, the evidence of potential wrongdoing that has been presented has, generally speaking, been focussed on a range of individuals and organisations based in Northern Ireland.  Fianna Fáil has been to the forefront of calls for a proper examination of the facts and supported the establishment of a Commission of Inquiry when ongoing legal issues in Northern Ireland allowed.

“However, last night’s Spotlight programme introduced disturbing new material that would appear to directly implicate senior NAMA officials in the Republic of Ireland and raise fundamental questions about adherence to NAMA’s processes as they related to the Northern Ireland loan book.  Specifically, the claim that information about NAMA’s current valuation for certain properties was leaked to a developer in return for illicit cash payments needs to be urgently probed.

“I understand that the Oireachtas Finance Committee will be seeking NAMA management to appear before it to address the issues raised in the programme.  The Party Leader has also asked the Taoiseach to convene a meeting of all the party leaders to discuss the appropriate next steps.

“Last night’s programme represents a decisive shift in this story and directly challenges the processes and confidentiality of one of our key financial institutions.  The allegations raised need to be comprehensively answered at the earliest possible opportunity.”