The National Asset Management Agency has repeated that it will pursue developers who transferred assets from their own names to spouses or other family members in an effort to remove them from the agency's scope.
In a statement issued this morning in response to last night's RTÉ Prime Time Investigates, the agency also said that some transfers would fail because the people to whom the assets were transferred were also borrowers in their own names.
The agency also pointed out that where developers had lifestyles deemed inappropriate in current circumstances, those assets were financed by banks not involved in NAMA.
Minister for Community, Equality and Gaeltacht Affairs Pat Carey has said he is confident that NAMA would fulfil its obligations.
Meanwhile, Prime Time Investigates confirmed that almost all the transferred assets featured in the programme have no mortgages or charges registered against them. They are unencumbered, it said in a statement.
'Indeed, some properties had mortgages cancelled just prior to their transfer to a spouse.
'In relation to loans from non-NAMA banks, Prime Time Investigates did not focus on these.
'However, it found many cases where non-NAMA banks had registered charges against corporate and personal assets of NAMA borrowers, which means those banks will have first call on those assets.'
