Mary Upton (Dublin South Central, Labour)
Link to this: Individually | In context

Question 25: To ask the Minister for Finance the steps he and the National Asset Management Agency have taken to ensure that NAMA's debtors do not, or have not, transferred assets offshore, to friends and family or otherwise potentially beyond the reach of being recouped by NAMA; and if he will make a statement on the matter. [34050/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The National Asset Management Agency Act 2009, Section 211(1) specifies that NAMA has recourse through the High Court in the event that a debtor has disposed of an eligible bank asset, in order to defeat, delay or hinder the acquisition by NAMA.

I am informed by NAMA that it will take the appropriate action where it considers that this has occurred.