FIRE SALE OF STATE ASSETS BY FG-LAB THROUGH FINANCE MINISTER NOONAN
Will Shane Ross, John Halligan, Finian McGrath Protect Noonan and NAMA From INVESTIGATION??
NOONAN WILL NOT APPEAR BEFORE THE PUBLIC ACCOUNTS COMMITTEE TO ANSWER QUESTIONS ON NAMA FIRE-SALE—-MINISTER VERADKAR ON THE WEEK IN POLITICS ON RTE
GOVERNMENT WANTS TO CONFINE STATUTORY INQUIRY INTO NAMA TO PROJECT EAGLE-VERADKAR
NOONAN PRESSURISED NAMA TO SELL OFF ASSETS QUICKLY THOUGH PROPERTY PRICES WERE RISING COSTING THE STATE HUNDREDS OF MILLIONS
“This is confirmed by people with knowledge of the agency’s dealings. In his letter to the Minister for Finance decrying the C&AG report, Nama chairman Frank Daly pointedly remindedMichael Noonan that it was operating on his instructions when it accelerated the sale of its loan book.
Daly reminded Noonan this approach was “endorsed by you” during the agency’s 2014 review, when it adopted the target of 80 per cent of senior debt (a cumulative total of €24 billion) by the end of 2016.-Irish Times 15/09/2016
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