Nama deal: Two men released in NCA fraud inquiry

Image caption, The National Asset Management Agency (Nama) is the Republic of Ireland's so-called bad bank. It sold its Northern Ireland portfolio in 2014

1 June 2016

Two men arrested by the National Crime Agency (NCA) as part of a fraud investigation linked to Northern Ireland's biggest property deal have been released on bail.

Ireland's National Asset Management Agency (Nama) sold its Northern Ireland portfolio to investment fund Cerberus for £1.2 billion in 2014.

The men were arrested on Tuesday.

The NCA is the lead agency in the investigation into allegations of fraud connected to the sale.

Timeline of Nama's NI property deal

Nama NI deal jargon buster

It began its investigation after Mick Wallace, an independent politician in the Republic of Ireland, told the Irish parliament that a Northern Ireland politician was in line to benefit from the Nama deal.