What is truth?

Posts tagged ‘DDDA’

NAMA does secret deal with DDDA

We haven’t heard a great deal of late about the fate of the 25-acre Irish Glass Bottle site in Ringsend, Dublin which is curious, as it is one of the most expensive assets under NAMA’s control by reference to its value in 2006 when it was bought for €412m by a consortium which essentially comprised Bernard McNamara, Derek Quinlan and the state-owned Dublin Docklands Development Authority (DDDA). It is estimated that the site today is worth €50m; there are three feature blogposts on the history and current status of the site on here – here and here and here.

full article at source:http://namawinelake.wordpress.com/2011/11/26/nama-does-secret-deal-with-ddda-to-erase-liability-for-idiotic-property-development-decisions/

Exposing the golden circle

 

A network of 39 individuals held powerful positions in 33 of 40 top public organisations and

Private Irish businesses in three of the critical Celtic Tiger years (2005-2007), and held more

Than 93 directorships between them in these companies during this period; as well as an

Average of ten directorships each in other companies.

Focused on the years 2005-2007, the research shows that each of the 39 members of this

‘Director Network’ held multiple directorships on at least two boards across 33 of the 40

companies concerned.


More than a quarter (eleven) of the 39 members of the Director Network were particularly

well-connected. They had ten or more links, via these multiple directorships, to other

members of this Network and/or sat on three, four or even five boards of the top 40 companies

simultaneously.

In addition to holding multiple directorships, a significant proportion of the Director Network

held very senior full-time positions, either as CEOs or executive directors or equivalent

positions.

Over half of the members of the Director Network held board positions in at least one of

Ireland’s four largest financial institutions: Anglo Irish Bank, AIB, Bank of Ireland and Irish

Life and Permanent. The three most tightly-interwoven of all 40 boards were all financial

Institutions.

Full PFD report a must read! Map of Golden Circle

 by 

Paula Clancy, Nat O’Connor & Kevin Dillon

 

 

http://www.tascnet.ie

Tag Cloud