The Data Protection Commissioner is investigating a data security breach made by Irish Mortgage Campaigners - New Beginning.
According to The Mail on Sunday, 1,500 homeowners had their financial details sold to a €2 billion overseas investment fund that aims to buy up 15,000 distressed homes here.
The Malta based fund Arizun reportedly used the New Beginning database to calculate the profitability of the scheme before approaching Irish banks to negotiate the purchase of thousands of distressed loans.
Speaking on Savage Sunday, Ross Maguire from New Beginning denies selling clients' details and says the information was sent by mistake:
Mr Maguire also admits that Arizun paid the group €20,000 to secure a contract between the groups.
