UK crime agency investigating six in relation to Irish "bad bank" sale



Six people are under criminal investigation in connection with the sale by Ireland's state-run "bad bank" of a multi-billion-pound portfolio of Northern Irish loans, the head of Britain's National Crime Agency (NCA) was quoted as saying on Thursday.
The NCA opened an inquiry last year into the National Asset Management Agency's (NAMA) 1.3 billion pound sale in 2014 of its entire portfolio of loans belonging to Northern Ireland-based debtors to U.S. private equity firm Cerberus Capital Management.
The investigation began after an independent member of the Irish parliament raised... read more

 
6 October 2016 in Business, Views: 43
Source: Reuters
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