The NAMA Bill lays out in detail the serious legal fallout for NAMA employees if they suddenly developer a conscience and become a whistle blower. Very serious sanctions. Odd that the Bill was very worried about NAMA employees keeping all the information they might uncover confidential but nary a word (apart from the standard boiler plate language regarding Revenue) about NAMA employees notifying the relevant law enforcement authorities about any shenanigans they might uncover.
Given the whole tone and tenor of the NAMA Bill if I were a NAMA employee I’d keep my mouth shut. There was some bits regarding notification of wrong doing uncovered put into the final draft of the Bill but without an effective compliance mechanism being spelled out it was just window dressing. The message is, rock the boat and we will hang you out to dry.
It seems who ever drafted the Bill did not think that it was important to uncover exactly how Anglo et al could lose 40B plus. And no one would have been in a better position to find out than a resolution trust like structure like NAMA. The Bill made it crystal clear, the purpose of NAMA is to bury the truth not uncover it.