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Peter Robinson joins forces with a property developer

Peter Robinson is working as a consultant for property developer Paddy Kearney's company Kilmona. Niall Carson/PA Wire.

The DUP have declined to comment on former leader Peter Robinson's new role as a consultant for a property developer who was one of Nama's biggest debtors.

The sale of Nama's northern portfolio to American company Cerberus is still under investigation by the National Crime Agency as well as separate investigations by the Stormont finance committee and the Public Accounts Committee in the south.

Mr Robinson has always denied allegations of financial wrongdoing in relation to the property sale.

The former DUP leader, who announced his retirement last year, was replaced by Arlene Foster in January.

The News Letter yesterday reported that Mr Robinson is now working as a consultant for property developer Paddy Kearney's company Kilmona Properties.

Neil Adair, a former member of Kilmona's board of directors, was one of the people recommended by the DUP to sit on a Nama advisory panel.

Mr Adair, who is a former Anglo Irish Bank official, told the Irish News in June of this year that he was "completely unaware" that the DUP had nominated him to a committee advising Nama.

He said he was only informed by the Department of Finance in December last year that his name had been put forward in a November 2009 letter as a nominee of then minister Sammy Wilson.

Mr Adair, who resigned from Kilmona in 2013, was not appointed to the advisory board, instead Frank Cushnahan, who was also recommended by the DUP, took the post.

Mr Cushnahan is now subject to a police investigation after allegations he was taking money from a property developer who was in debt to Nama.

While there is no suggestion that there is anything improper about the arrangement between Mr Robinson and Kilmona, his appearance at a planning meeting this week to discuss a multi-million pound development close to Carrickfergus raised eyebrows so soon after his retirement from politics and while the Nama sale is still under investigation.

Mr Kearney was one of Nama's biggest Northern Ireland debtors and later purchased his loans back from Cerberus at a reduced rate.

Neither Mr Kearney, the DUP nor Mr Robinson commented when approached by the Irish News.

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