IrishExaminer – €3.5Bn Loans Are Worthless As Security Was Defective – 17 January 2014

Irish Examiner

Roughly €3.5bn of development loans were acquired by Nama for a nominal amount because the legal security backing the loans was defective, according to Minister for Finance Michael Noonan.

By John Walsh, Business Correspondent

The figures emerged through a parliamentary question asked by Reform Alliance TD Lucinda Creighton.

Read the whole article at: www.irishexaminer.com / link to original article

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