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Green Party calls for all NAMA deals to be made public after agency is wound down

The Green Party has called for all NAMA deals to be made public after the agency is wound down. T...
Newstalk
Newstalk

11.04 31 Oct 2015


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Green Party calls for all NAMA...

Green Party calls for all NAMA deals to be made public after agency is wound down

Newstalk
Newstalk

11.04 31 Oct 2015


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The Green Party has called for all NAMA deals to be made public after the agency is wound down.

The party has sent a letter to Finance Minister Michael Noonan, asking him to amend the legislation governing NAMA to ensure full disclosure of all sales.

Green Party leader Eamon Ryan says putting the public interest before developers' rights to privacy would improve public confidence in NAMA:

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“This move would be far better than an ongoing drip-feed of uncertain leaked information and allegations about NAMA," Mr Ryan added.

"If there are questions for anyone involved in the NAMA process to answer – this amendment would shine a spotlight on them, at no cost and with complete impartiality. That is very much in the public interest”.

NAMA’s latest half year accounts to the end of June revealed it revalued the portfolio of loans it holds upwards for the first time by €25m.

The agency has reported a profit of €473m in the first half of the year.

Deputy Mick Wallace has made allegations in the Dáil about the sale of a NAMA loan portfolio.

Mr Wallace claimed that one NAMA developer was approached about the possibility of buying his loans back from an investment fund – and the approach was made months before they were sold by NAMA.


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