Inside the liquidation of Treasury Holdings

Nama increases pressure on Johnny Ronan over personal borrowings, while liquidators face task of untangling hundreds of companies.

13th October, 2012
Inside the liquidation of Treasury Holdings
Johnny Ronan and Richard Barrett, founders of Treasury. Photo: Collins

The National Asset Management Agency (Nama) is poised to carry out a major review of the personal borrowings of the businessman Johnny Ronan following the liquidation of Treasury Holdings.

Ronan had been in talks with the agency for some time over his personal borrowings, which stretch into hundreds of millions of euro. However, the agency will now re-evaluate its relationship with the developer following the appointment of liquidators to a number of Treasury Holdings group...

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