For those of you wondering how NAMA could possibly spend €33m on foreclosures and receivers in 2012, look no further than today’s edition of Iris Oifigiul where NAMA is recorded as having had receivers appointed to another nine companies, all on Friday 13th April, 2012. They all appear to be connected to Treasury Holdings which blunts the news, as NAMA has already had receivers appointed to a swathe of Treasury group companies. Remember that Treasury has sought and won permission to pursue a judicial review of NAMA’s dealings with its loans in a case that is set to be heard later this year.
The nine companies to which William G O’Riordan and Declan McDonald of PricewaterhouseCoopers have been appointed receivers are Chermontvale Limited (directors John Ronan and John Bruder), Mainbrook Limited (directors John Ronan and John Bruder), Swinwood Limited (directors Richard Barrett and John Bruder), Alleycastle Limited, Belchertown Limited (directors John Ronan and John Bruder), Glamorama Limited (directors John Ronan, Richard Barrett, Rory Williams and John Bruder), Movard Limited (directors John Ronan and John Bruder), Vistabrook Limited (directors John Ronan, Richard Barrett, Niall O’Buachalla and John Bruder) and Temple Holdings (Dublin) Limited
Remember you can see a comprehensive list of Irish foreclosure action by NAMA here and in this regularly updated spreadsheet.
NAMA Wine Lake 
The wonderful world of the so called professions….
pwc, the auditors that told AIB shareholders for years that the bank was making mega profits while it was effectvely insolvent….
Now gets paid by the taxpayer to liquidate the assets of AIB…..
Great racket lads…good on ya….
So of the 190 debtors whose loans are currently involved directly with NAMA (Would no longer say they are being managed) how many of these have seen action taken, be it receivership or liquidation?
And the same question for those borrowers who loans are involved in NAMA but are being dealt with by local banks.