The story so far?
NAMA …a Republic of Ireland “assets agency” set up in the aftermath of the Banking and Property collapse has a portfolio of properties, worldwide that it needs to sell off to recover money for the Irish Treasury.
Within Norn Iron, the portfolio was estimated to have a value of €4 billion dollars. And was sold off to an American company for €1.5 billion.
A major Norn Iron firm of Solicitors parted company with a senior executive earlier this year. He repaid €7 million to his former employer. The Law Society is informed.
A “maverick” member of the Irish Parliament suggests (with privelege) that part of the €7 million might have been intended for a leading Norn Iron politician.
Speculation arises as to the name of the politician. And a big name…is named. And his son. And a few other people, in and around Government.
The Finance Committee of the Norn Iron Assembly will investigate. But precedent suggests this will all be a bit partisan. The best we can hope for is some embarrassing performances of the “I have been advised not to answer ….” nature. And hopefully some MLAs will “abuse” Assembly privelege.
All good clean fun.
But…how long can the Stormont farce go on?