Dáil debates

Wednesday, 5 July 2017

Other Questions

NAMA Transactions

3:20 pm

Photo of Mick WallaceMick Wallace (Wexford, Independent) | Oireachtas source

This question deals with Project Shift, which relates to the sale by NAMA of the loans of a Northern Ireland debtor associated with German shopping centres and Cerberus, the same Cerberus that bought Project Eagle.

Until some months ago, little was known about Project Shift. However, from two previous replies to parliamentary questions we have established that it was not discussed at any NAMA Northern Ireland advisory committee meetings. NAMA cannot tell us whether Frank Cushnahan advised the debtor. NAMA will not answer any more questions and the agency has started to hide behind the commission of investigation. I hope the Minister can answer something about it.

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