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NAMA investigation into Manx bribery account claims

Manx dimension claimed in NI corruption row

The Northern Ireland Assembly has begun investigating claims a £7 million slush fund was set up in the Isle of Man.

Last week, independent Irish TD Mick Wallace used parliamentary privilege in the Dail to name a politician he claimed was to be bribed with the money by a former managing partner of a Belfast law firm.

It's claimed that sum was placed in an Isle of Man bank account.

Next week, the Assembly's finance committee will take evidence from witnesses about the claims, concerning the sale of NAMA's Northern Ireland property portfolio to US firm Cerberus Capital Management last April.

NAMA, the National Assets Management Agency, was set up by the Irish government as a 'bad bank' to manage property deals in the wake of 2008’s financial crisis.

Committee chair Daithi McKay said if witnesses did not attend voluntarily, they could be compelled to appear.

The first hearings will take place next Tuesday and Wednesday (14 & 15 July).

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