www.bestreason.info Open in urlscan Pro
2606:4700:3032::ac43:b265  Public Scan

Form analysis
1 forms found in the DOM

GET https://www.bestreason.info

<form role="search" method="get" class="search-form" action="https://www.bestreason.info" aria-haspopup="listbox" data-live-results="thumbs">
  <input type="search" class="modal-field" placeholder="Search" value="" name="s" autocomplete="off" title="Search for..." aria-label="Search for...">
  <button type="submit" class="search-submit" aria-label="Search button">
    <svg class="ct-icon" aria-hidden="true" width="15" height="15" viewBox="0 0 15 15">
      <path
        d="M14.8,13.7L12,11c0.9-1.2,1.5-2.6,1.5-4.2c0-3.7-3-6.8-6.8-6.8S0,3,0,6.8s3,6.8,6.8,6.8c1.6,0,3.1-0.6,4.2-1.5l2.8,2.8c0.1,0.1,0.3,0.2,0.5,0.2s0.4-0.1,0.5-0.2C15.1,14.5,15.1,14,14.8,13.7z M1.5,6.8c0-2.9,2.4-5.2,5.2-5.2S12,3.9,12,6.8S9.6,12,6.8,12S1.5,9.6,1.5,6.8z">
      </path>
    </svg>
    <span data-loader="circles"><span></span><span></span><span></span></span>
  </button>
  <input type="hidden" name="ct_post_type" value="post:page">
  <div class="screen-reader-text" aria-live="polite" role="status"> No results </div>
</form>

Text Content

Skip to content
No results
 * Gutenberg Blocks
 * Pages

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Facebook Twitter Instagram Pinterest YouTube
 * Partners
 * Press
 * About
 * Useful

Facebook Twitter Instagram Pinterest YouTube
Search
 * Gutenberg Blocks
 * Pages

Contribute
Menu


DEREK QUINLAN SAYS NAMA TOLD HIM NOT TO ‘SAY ANYTHING NEGATIVE’ TO BANKING
INQUIRY

 * admin
 * October 30, 2024
 * Latest

Bankrupt former property tycoon Derek Quinlan said State property agency Nama
warned him not to “say anything negative” when he appeared before an Oireachtas
inquiry into the banking crash.
He also said former Nama chairman Frank Daly, who previously chaired Revenue,
was “unhappy” with him because Mr Quinlan was a former tax inspector who had
ended up with €3.5 billion of property debts to Irish taxpayers.
Mr Quinlan, who still owes Nama €403 million, alleged that Mr Daly’s attitude
towards him may have been a factor in why the agency had never forgiven any of
his debt, as it had with other borrowers.
The former property tycoon made the claims in documents filed as part of his
bankruptcy case in London. The Irish Times was granted access to his bankruptcy
file after obtaining a court order.
The documents reveal that Mr Quinlan’s trustees in bankruptcy reviewed his Nama
file last year and concluded the State agency was not satisfied he had ever
“made full disclosure” of his financial affairs. Jacob Beake, one of trustees
who last year objected to Mr Quinlan’s discharge from bankruptcy, said this was
why he had never been granted a Nama exit deal.
His bankruptcy file also includes a 2018 letter from Nama to his solicitors in
which the agency said it wouldn’t do a debt deal with him because of
“inaccuracies and inconsistencies” in the financial information he had given it.
Nama also raised queries about the mingling of Mr Quinlan’s finances with those
of his wife, Siobhan Quinlan, whom Nama said had access to €5 million of funds
in the Isle of Man. Mr Quinlan said he had always been “compliant” with Nama,
and a separate letter from the agency said he had “in general” co-operated with
its efforts to sell his assets to pay debt.
[ My remuneration ‘was substantial’: The interview transcript Derek Quinlan
didn’t want made publicOpens in new window ]
The trove of bankruptcy documents also includes secret correspondence between Mr
Quinlan and Nama over a proposed deal in 2017 for US billionaire Riaz Valani to
back his buyout from the agency for a “nuisance payment” of €1.25 million.
Mr Valani was a US broker who in the 1990s famously helped singer David Bowie to
invent the Bowie Bond financial product. The billionaire later made his fortune
in the Juul vapes company.
Mr Quinlan wrote to Nama pleading with it to accept Mr Valani’s offer. He said
he had decided to look forward rather than backwards. “I now respectfully ask
that Nama do the same.”
The proposed deal was not accepted by Nama, however.
[ Derek Quinlan: The ex-property king who had to declare haircuts to a
bankruptcy officialOpens in new window ]
“I now recognise that Nama will never compromise,” said Mr Quinlan as he entered
bankruptcy in 2022.
His automatic discharge from insolvency was delayed by a year to November 23rd
this year, after the trustees said Mr Quinlan was “not co-operating” with their
investigation into his affairs. Mr Quinlan declined to comment to The Irish
Times, while Nama was also contacted for comment.


TRENDING NOW

Derek Quinlan says Nama told him not to ‘say anything negative’ to banking
inquiryTexas DPS chief Steve McCraw announces retirementChief adviser calls for
utilising NGOs expertise in dealing with floodSex: How long does it last?
Facebook Twitter Instagram Pinterest YouTube
 * Partners
 * Press
 * About
 * Useful


POPULAR POSTS

 * Derek Quinlan says Nama told him not to ‘say anything negative’ to banking
   inquiry
   October 30, 2024
 * Weapons used to kill Baba Siddique were smuggled from Rajasthan in July:
   Sources
   October 26, 2024
 * Rudy Gobert has reportedly agreed to a big contract extension. Here are the
   details
   October 23, 2024


ABOUT US

 * About Organization
 * Our Clients
 * Our Partners


USEFUL INFORMATION

Vim in meis verterem menandri, ea iuvaret delectus verterem qui, nec ad ferri
corpora.

Euismod nisi porta lorem mollis. Interdum velit euismod in pellentesque.


CONTACT INFO

Lorem ipsum dolor sit amet, ea has ignota putent. Ridens aliquid indoctum an
est, his ad movet graece, vim ut omnes mentitum appetere.
 * Address: 147 Cottrill Lane Maryland Heights, MO 63043
 * Phone: 314-496-2083
 * Website: bestreason.info

Copyright © 2024 -
English
English