NAMA kicks backs

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

  1. Engaged by NAMA directly
  2. Engaged by a borrower with NAMA’s approval
  3. 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.