Courts / Meath / Report
Former NAMA official "left destitute" after leaking confidential info, court told
Summary
A former National Asset Management Agency (NAMA) official, Enda Farrell, 40, was heard in Dublin Circuit Criminal Court on 21 April 2016. He admitted leaking confidential NAMA valuation data to QED Equity Ltd. and Canaccord Genuity Ltd. between May and July 2012, including lists of properties from major developers, NAMA's hotel portfolio and German holdings. Farrell had previously pleaded guilty to a 2012 email to Stewart Doyle of QED Equity Ltd. He faced 13 charges, of which 12 were heard. The court noted he did not profit from the disclosures and that NAMA suffered no loss. He was remanded on continuing bail, with the case adjourned to 12 May for sentencing. The offence carries a maximum penalty of five years' imprisonment or a €5,000 fine. The judge said she would consider an appropriate sentence. The hearing highlighted the pressures Farrell claimed to have faced while valuing properties for NAMA.
Who, what, where, when and why
What: Report matter: Former NAMA official "left destitute" after leaking confidential info, court told. Charges or matters: intentionally disclosing to Stewart Doyle of QED Equity Ltd by email on May 17, 2012 NAMA confidential information relating to the Cosgrave Group when he did not have the authority or was obliged to do so. Procedural stage: sentence
When:
- May 12 Adjournment
- May 17, 2012 Adjournment
- July 2012 Hearing Or Sentence
- November 2009 Hearing Or Sentence
- February 2012 Other
- May 2012 Other
- July 24 Other
- 2016-04-21 Publication
Case subjects
Defendant
Charges: intentionally disclosing to Stewart Doyle of QED Equity Ltd by email on May 17, 2012 NAMA confidential information relating to the Cosgrave Group when he did not have the authority or was obliged to do so (Admitted)
Plea: Guilty
Outcome: After hearing the evidence, Judge Karen O'Connor said she wanted time to consider the appropriate sentence and adjourned the case to May 12.; After hearing the evidence, Judge Karen O'Connor said she wanted time to consider the appropriate sentence and adjourned the case to May 12.
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