Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Can NAMA do anything about pre-signed over money?

  • 14-02-2011 1:47pm
    #1
    Allyall
    Registered Users, Registered Users 2 Posts: 10,381 ✭✭✭✭


    Hi,
    First let me say that i know NOTHING about these types of things.. I'm not even sure what NAMA stands for.. :confused::o:o

    I heard a few horror stories over the weekend, and i'm sure some are true, and some are exaggerated and some may be lies. I'm also sure that many of you have heard similar stories, and continue to hear more, and will probably hear the same ones that i have heard.
    I haven't had my head in the sand, but it was just this weekend, the amount of stories that surfaced, (or that I heard for the first time anyway) were a bit overwhelming.

    The one common thing that was repeated a bit, leads to my question, which is this:

    If all of the Developers, (or any of them) have signed over their money, or a massive percentage of it, to their wives, daughters, sons etc., over seven years ago (seems to be a consistent in these stories), when times were good etc.. can NAMA do anything about it now?

    Do they have the power to say that developers could foresee these events, and that they signed it over back then, knowing they would be in trouble..

    All of the events in the last couple of years have scared s**t out of me, and i have lost a lot (if not all) my faith in the government. I know i'm not saying anything new, but i usually take it all with anger, bitterness, resentment, and do nothing else about it, like a useless tosser. :(:mad::o:(

    But this just really gets me, that these winkers will get away with all of it?? :mad::mad:
    I won't rant anymore on a flogged subject that still irritates so many, but could somebody please answer that question if possible, Thank you for reading.. and hopefully answering.


Comments

  • #2
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,077 ✭✭✭3DataModem


    Yes they do.

    The courts have the power to unravel asset sales and transfers if they deem the purpose of it was to sheild from legitimate creditors.

    It's been done and it is being done now, and I have no doubt it will be done a lot more in future.


  • #3
    Allyall
    Registered Users, Registered Users 2 Posts: 10,381 ✭✭✭✭Allyall


    Really?

    Cool :D:)

    I know it sounds a bit naive of me to believe they will do anything, because you said so, but i really only wanted to know if they have that power..

    So, if a daughter/son/mother/wife/father/husband/lover/etc.. was given.. i dunno.. say, €20million, 7 years ago, by a crooked developer (completely theoretically btw), and they have since left the country, to live in a country where Their assets are Theirs, could they get that back? I am so confused by all of this.. (and angry) :mad::mad::mad:

    I tried reading the main thread titled "In simple terms..."

    ~But i'm not getting any info on what power NAMA have. Is it possible to put into a post, exactly what power NAMA has? In simple terms.?

    Do they have power to recoupe all money owed? Is it as simple as that?

    They can chase down all relatives/avenues/properties(overseas etc.)

    Or am i just really wishful thinking..

    Thanks for your reply 3data.


Advertisement