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NamaA former NAMA official has been handed a two year suspended sentence for passing on confidential information.
The information was described as “potentially commercially valuable” and related to various loans and property portfolios taken on by the agency.

 

Enda Farrell now lives in Brussels with his wife and three children.
Before leaving NAMA for another job in February 2012, the court heard he bypassed its internal IT security system and ultimately sent the information to individuals at two investment companies.
It contained 2009 valuations for NAMA controlled properties transferred from the Harcourt Doherty Group, the Cosgrove Group and the O’Flynn Group Tiger Developments.
It also contained valuations for a German portfolio containing around 25 properties, another portfolio containing hundreds of hotels and information relating to developer Paddy McKillen’s loans.
The information was described as “potentially commercially valuable” but the court heard he didn’t make anything out of the disclosure and NAMA wasn’t at a loss because of it.
Before handing down a fully suspended sentence, Judge Karen O’Connor said the court would have taken a different view if he had materially benefited from the crime.