Monday 24 July 2017

'He had power to make or break developers'

Ronnie Hanna, named in the 'Spotlight' probe, was the former head of Nama's asset management, writes Niamh Horan

Probe: Ronnie Hanna. Photo: Tom Burke
Probe: Ronnie Hanna. Photo: Tom Burke
Niamh Horan

Niamh Horan

Businessman Frank Cushnahan is the name on everyone's lips this weekend after he was secretly recorded accepting a £40,000 cash payment from a Nama borrower.

But the bombshell recording, reported by BBC's Spotlight programme, has thrown another man into the centre of controversy: former head of Nama's asset management, Ronnie Hanna.

In the clip, Mr Cushnahan alleged he had influence over Mr Hanna and suggested that he would have Mr Hanna's assistance in getting the developer's loans out of Nama in return for a fee. "Ronnie and I are thick as thieves," he told the property developer.

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