Heard a straight forward tail of subcontracts or agents working for NAMA negotiating cash kick backs for works or purchases awarded. I’d say we only know about 1% of the obvious stuff. So much room for low-fi corruption with such a huge amount of property to manage.
When you say “working for NAMA”
Were they Agents/Property Managers
- Engaged by NAMA directly
- Engaged by a borrower with NAMA’s approval
- Engaged by a Receiver on a loan that had already been enforced
Taxi driver or man in the pub?
Ha! I can assure you my sources are of a far higher quality than some of the well known rags.