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Monday, August 6, 2012

Garda should investigate Nama home sale, says TD - The Irish Times - Mon, Aug 06, 2012

Garda should investigate Nama home sale, says TD - The Irish Times - Mon, Aug 06, 2012: THE PURCHASE of a house by an employee of the National Asset Management Agency, which was on the agency’s books, should be referred to the Garda for further investigation, said Fianna Fáil finance spokesman Michael McGrath.
Enda Farrell, a former portfolio manager with Nama, bought the five-bedroom house in Lucan, Co Dublin, earlier this year.
The house was one of the properties owned by businessman Thomas Dowd which Nama took under its control. Mr Dowd paid €1.4 million for the property, Sundaywell, in 2004.
The Sunday Times reported yesterday that Mr Farrell and his wife Alice Kramer approached Mr Dowd, who sold them the property for €410,000.
Mr Farrell did not tell Mr Dowd that he was a Nama employee, nor did he tell Nama that he had bought the house, which has been used as a family home.?

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