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Nama: Simon Hamilton criticised over Cerberus meeting

Simon Hamilton met with Cerberus' Dan Quayle last year
Simon Hamilton met with Cerberus' Dan Quayle last year Simon Hamilton met with Cerberus' Dan Quayle last year

A DUP minister has been criticised for not disclosing a meeting with Nama loan buyers when answering questions from fellow assembly members.

Cerberus has said Simon Hamilton joined First Minister Peter Robinson and former Tughans managing partner Ian Coulter at Stormont Castle at a meeting with its chairman Dan Quayle, a former US Vice President.

It confirmed to The Irish News that the meeting took place in March last year, just days before its Nama property portfolio deal was finalised.

The £1.3bn agreement has been engulfed in controversy following revelations about a £7m offshore account linked to the deal.

Mr Hamilton did not give details of any meetings with Cerberus when questioned about Nama last year by MLAs in the assembly.

No media outlet or political parties other than the DUP were thought to have been informed of the visit by Mr Quayle.

Sinn Féin Deputy First Minister Martin McGuinness also said he was unaware of the meeting.

In September last year TUV leader Jim Allister asked the then finance minister what consultations took place with his department over the sale of Nama portfolio.

Mr Hamilton responded: "DFP (Department of Finance and Personnel) did not have a role in the sale of Nama's Northern Ireland loan portfolio to Cerberus Capital Management.'

In response to another question he said: "My department has not engaged with Cerberus Capital Management and therefore I am not in a position to comment on its asset management strategy."

Mr Allister last night questioned why the DUP minister did not give details of his meeting with the Cerberus chairman "when it came to answering my straightforward question".

"If minister Hamilton did not play any part in the sale of the Northern Ireland debt portfolio, what were he and Mr Robinson discussing with Cerberus just 10 days before they bought the Northern Ireland debts from Nama for the knockdown price of £1.3 billion?

"Minister Hamilton needs to provide absolute clarity as to how he explains the discrepancy between his answer to my question of September 15 2014 and the report in The Irish News."

A Cerberus spokesman said it was "standard operating practice to hold due diligence meetings of this nature with government ministers".

Both the DFP and DUP last night did not respond to requests for a comment.