After seven years of work, with a deadline extended more than 20 times and a cost of over €7 million, the finding of the commission of investigation into Nama’s sale of the Project Eagle portfolio was released by the Government this afternoon. Following the financial crash, Nama acquired hundreds of bad loans from Irish banks, including loans connected to properties in Northern Ireland. The portfolio – Project Eagle – was bought by Nama for £2.65 billion (€3.195 billion) and had a par value at the time of £5.38 billion. In September 2013, Pimco, a $2 trillion asset manager, approached Nama…

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