Namagate

The alleged corruption surrounds the sale of a portfolio of loans by the National Asset Management Agency (Nama) in April 2014.

[2] Ian Coulter, a managing partner of Tugans (a law firm based in Belfast that were working for PIMCO) was also set to benefit from the sale.

Despite learning of these planned payments, Nama did not suspend the sales process, and the portfolio was subsequently bought by Cerberus, who were also represented by Tughans.

[1] Commenting upon this in a Public Accounts Committee hearing, Sinn Féin TD, Mary Lou McDonald said the following:"...you [Nama] take out the purchaser [PIMCO].

"[2]On 2 July 2015, independent TD, Mick Wallace, speaking under parliamentary privilege in the Dáil Éireann, claimed that Tughans had put £7m in an Isle of Man bank account after the Project Eagle sale, and that it was "earmarked for a Northern Ireland politician".