Opinion

Wednesday 21 February 2018

'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

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 footage, 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 video, 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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