THE NATIONAL ASSET Management Agency (NAMA) has said it will continue to pursue developers who transferred assets from their own names to those of their wives or children.
The agency was responding to last night’s Prime Time Investigates, which showed how developers who owe billions to NAMA have successfully transferred assets to their spouses, and are continuing to enjoy extravagant lifestyles involving helicopters, luxury cars and expensive shopping trips.
During the programme, NAMA chairman Frank Daly said the agency “had reversed or was reversing” the transfer of €130m of assets which developers had tried to put beyond the reach of the agency or the banks.
So is it doing enough? Do you have confidence in NAMA’s ability to force developers to pay off their debts to Irish taxpayers?
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