Wallace: £7m was just for starters

Independent TD Mick Wallace

THE Irish government was last night coming under intense pressure to launch an independent inquiry into the Nama scandal following claims that £45m was paid to 'fixers'.

Fianna Fail and Sinn Fein joined calls by Independent TD Mick Wallace for a commission of investigation after the outspoken politician made fresh allegations about the £1.3bn sale of Nama’s Northern Ireland loan portfolio.

It came as two men named during an assembly committee hearing this week as beneficiaries of the deal last night emphatically denied they were in line for a share of a "success fee".

David Watters, managing partner of Belfast-based accounting and advisory firm McClure Watters, and property magnate Andrew Creighton were named by loyalist blogger Jamie Bryson at Stormont on Wednesday.

First Minister Peter Robinson has also strongly denied he was due to receive any money.

Mr Wallace sparked a political storm in July after alleging that £7m had been placed in an offshore bank account “reportedly earmarked for a Northern Ireland politician” or party.

The Wexford TD told the Dáil under parliamentary privilege yesterday there were “serious problems” with the sale of 'Project Eagle' to US investment fund Cerberus last year.

He claimed the entire Nama deal “stinks to high heaven”, adding: “The £7m in the Isle of Man that we have been talking about was only for openers. A total of £45m has been paid to fixers.”


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