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The Treasury Building in Dublin, home of the National Asset Management Agency. Sasko Lazarov via Photocall Ireland

NAMA to be called before Public Accounts Committee over leak allegations

Hearings are likely to take place with National Asset Management Agency and Department of Finance officials in the New Year.

THE PUBLIC ACCOUNTS Committee is to seek “full information” from NAMA in relation to allegations of alleged illegality at the State’s bad bank.

Speaking to Newstalk Breakfast this morning, the chair of the committee, John McGuinness, said he is “anxious” to get information about the reports that a former NAMA official gave confidential information to individuals who should not have received it.

Hearings are likely to take place with NAMA and Department of Finance officials in the New Year.

NAMA confirmed yesterday that it has reported a second former employee to gardaí for allegedly sharing information unlawfully. One of these cases is in the public domain, while the other has been described as a mid-ranking employee.

McGuinness said there would be a significant impact if the reported issues are not dealt with, telling Newstalk: “It will have a huge negative impact on the economy and property prices if this matter is not properly clarified.”

The Fianna Fáil TD said that the committee will also be speaking to the Department of Finance and will be seeking “any information, emails or letters” from it “that would inform us regarding individual cases or their collective relationship to NAMA and property sales”.

He added that there has been “huge criticism of the lack of transparency in relation to NAMA” and its activities, saying the PAC is “anxious through its investigation to inform the public as to what exactly NAMA is doing and to allow them to put their side of the story”.

Earlier on the same programme, Transport Minister Leo Varadkar said that the Oireachtas Finance Committee would be the appropriate forum for NAMA to be asked “the hard questions” in relation to the allegations.

On Monday, the Fianna Fáil senator Daragh O’Brien said he had information that showed impropriety by employees of NAMA, including the leaking of information, saying this would “rock NAMA to its core”.

A statement released by the agency in response said that “if the Senator or any other party has evidence of any impropriety, they are legally obliged, under Section 19 of the Criminal Justice Act 2011, to bring it to the immediate attention of the Garda Siochána”.

That message was reiterated by the Taoiseach and the Finance Minister Michael Noonan yesterday.

Read: Gardaí will conduct full investigation of alleged illegality at NAMA — Taoiseach

Read: NAMA calls on Senator to pass ‘evidence of any impropriety’ to gardaí

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23 Comments
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    Mute Damocles
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    May 6th 2013, 9:48 AM

    They should do this with pensioners and knitting.

    310
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    Mute Dan Yan
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    May 6th 2013, 10:07 AM

    Given THC, the active ingredient in marijuana, the spider didn’t build a web, it built a hammock, where it lay all day and watched the caffeine spider go.

    The crack cocaine spider figured building webs was for suckers, waited till the caffeine spider was exhausted, then came up behind it and popped a cap in its ass. Nice web, Mr. Crack Spider.

    When winter came, the marijuana spider had no place to live, it ended up in the crack web as the crack spider’s bitch.

    280
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    Mute ieoinu
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    May 6th 2013, 10:59 AM

    Ha ha!

    14
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    Mute Michael Roughan
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    May 6th 2013, 1:18 PM

    I wonder what the Irish spider would do after a few pints of Guinness ? Probably a straight web to the pub !!

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    Mute Prince Hector
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    May 6th 2013, 4:05 PM

    True story this;- ‘ The Roughty bar ‘ in Kenmare, – an American came in & ordered a pint of ‘ real Irish Guinness ‘, The barman was just topping the pint when a little spider fell off the tap, onto the head of the pint.
    Barman puts pint up on the counter to the Yank,
    Yank says “hey, I ain’t drinkin’ that, there’s a spider in it…!! ”
    Barman says sorry, & flicks the spider off the head.
    Yank says; ” hey, – I still ain’t drinkin’ that…!! ”
    Barman says;- ” What the hell is wrong with you, – you won’t drink it with the spider, – you won’t drink it without the spider……!! “…

    11
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    Mute Martina Lavin
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    May 6th 2013, 10:13 AM

    The spider in my house at the moment is on speed!! I knock the webs down and he’s coming along behind me building them back up! the little sh&te!

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    Mute andrew kirby
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    May 6th 2013, 10:18 AM

    I recommend you squash him so..!

    30
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    Mute Bernard Cribbons
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    May 6th 2013, 10:37 AM

    Innocent animal.

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    Mute Claire Cullen-Delsol
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    May 6th 2013, 11:15 AM

    There is nothing innocent about spiders.

    35
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    Mute Martina Lavin
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    May 6th 2013, 11:22 AM

    he’s on speed!!

    22
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    Mute Kardia Skepsi
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    May 6th 2013, 12:52 PM

    Spiders kill flies, the real bad guys.

    39
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    Mute Little Jim
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    May 6th 2013, 1:34 PM

    Don’t hate the player, hate the game.
    That spider probably had a bad upbringing.

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    Mute Martina Lavin
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    May 6th 2013, 2:20 PM

    very true Kardia! there is a spider web that wouldn’t look out of place in spider Beverly Hills in my garden shed and he’s just waiting for those filthy blue bottles to arrive! he’s huge and I reckon he’s partial to the odd splif or two. he just sits there looking all chilled just waiting for his spider chicken bucket!

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    Mute Julian King
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    May 6th 2013, 4:44 PM

    Ha ha

    1
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    Mute Nydon
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    May 6th 2013, 11:14 AM

    Was the marijuana web an actual web or an artist impression of what the spider said he would create some day?

    65
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    Mute Mike Hall
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    May 6th 2013, 10:26 AM

    I think, out of these, I’d rather have the Marijuana world thankyou :)

    Scary, the world we have is probably the Caffeine one :(

    46
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    Mute Frank Brady
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    May 6th 2013, 10:09 AM

    On my second mug of coffee sa I raed Tihs :)

    38
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    Mute Stephen McCormack
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    May 6th 2013, 10:03 AM

    The house spider Tegenaria pictured doesn’t spin webs, instead it makes a funnel and attacks prey straying near the entrance. Coffee time.

    38
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    Mute P1
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    May 6th 2013, 9:51 AM

    Was this a World Wide experiment ?

    37
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    Mute Michelle Philpot
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    May 6th 2013, 9:53 AM

    Look it up on the web :P

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    Mute Ronan Stokes
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    May 6th 2013, 1:37 PM

    I don’t know 1 Web developer who can get through the day without coffee.

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    Mute Cannabis Freedom
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    May 6th 2013, 12:25 PM

    My dream of setting up a web based business has just been shattered.

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    Mute Adam
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    May 6th 2013, 10:19 AM
    14
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    Mute Adam
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    May 6th 2013, 10:20 AM

    The video of this experiment

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    Mute anthony byrne
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    May 6th 2013, 11:50 AM

    Jasus, and i drink about 6 cups of coffee a day in work. Its just as well im not expected to produce decent quality spiders webs. … I wonder would the quality of my output improve if i cut back on the coffee. …. Ummm … Food for thought.

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    Mute Geraldine Margaret Bowes
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    May 6th 2013, 2:35 PM

    Sitting on my bed looking in my mirror felt like little strands of my hair were itching my face when all of a sudden a huge fecker of a spider climbs over my mouth!!!!! Threw it across the room and nearly killed myself trying to get out of my bedroom at the same time!!! Didn’t see where it landed but I’m fully sure it’s waiting for revenge:(

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    Mute Ailís McKernan
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    May 6th 2013, 12:04 PM

    And here I was thinking caffeine could improve performance, janey mac!

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    Mute Christian Carley
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    May 6th 2013, 1:00 PM

    This is older than time

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    Mute Jennifer Connolly
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    May 7th 2013, 4:48 AM

    Now why would you want to interfere with them in the first place? Weird!

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    Mute conor foley
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    May 6th 2013, 1:09 PM

    Sorry I have dabbled in my time but I hav never taken chloral hydrate or Benzedrine

    1
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