Dáil Éireann Debate, Thursday - 17 July 2014
128. Deputy Michael McGrath asked the Minister for Finance the number of asset transfers to family members by the National Asset Management Agency, NAMA, debtors that have been reversed; the total value involved; and if he will make a statement on the matter. [32478/14]
View answer152. Deputy Michael McGrath asked the Minister for Finance the number of court cases that National Asset Managment Agency, NAMA, has taken or plans to take to secure reversal of asset transfers by NAMA debtors which the agency believes were designed to put assets beyond the reach of the agency; if he will provide a breakdown of the type of assets which have been returned to the agency thus far including cash, property and so on; and if he will make a statement on the matter. [32623/14]
View answer170. Deputy Michael McGrath asked the Minister for Finance the number of court cases that the National Asset Management Agency, NAMA, has taken or plans to take to secure reversal of asset transfers by NAMA debtors which the agency believes were designed to put assets beyond the reach of the agency; if he will provide a statement of value and a breakdown of the type of assets which have been returned to the agency thus far including cash, property and so on; and if he will make a statement on the matter. [32676/14]
View answerI propose to take Questions Nos. 128, 152 and 170 together.
I am advised by NAMA that it has obtained additional security over assets with an aggregate value in excess of €800m. NAMA advises that this breaks down circa two-thirds/one-third between property and non-property assets, mainly share portfolios and cash. Further detail on this process is set out in NAMA's Annual Report and Financial Statements for 2012, pages 25-26, and its Annual Report and Financial Statements for 2013, page 16. These reports are available on the Agency's website, www.nama.ie.
