You are here

Correspondence between TI Ireland, NAMA and the Minister for Finance 2016

TI Ireland wrote to the Chair and Chief Executive of the National Asset Management Agency (NAMA) on 9 March 2016, as well as the Minister for Finance, Michael Noonan requesting that sales of NAMA assets with a value of over €1 million be suspended until enhanced anti-corruption controls are implemented at the agency. The call came in the wake of UK and US law-enforcement agency investigations into allegations of impropriety involving the sale of NAMA portfolios in Northern Ireland. TI Ireland suggested that NAMA follows international good practice in implementing anti-corruption procedures to address future risks, particularly those involving sales and engagement with third parties.

A NAMA official wrote back to TI Ireland on 21 March to suggest that there was no supporting evidence of corruption risks at NAMA to justify enhanced anti-corruption controls at the agency.

See for further details.