North’s prosecutor drops Project Eagle charges against Hanna

The former Nama executive has been told he will not be prosecuted in relation to the controversial portfolio

13th December, 2020
North’s prosecutor drops Project Eagle charges against Hanna
Ronnie Hanna, Nama’s former head of asset recovery, will not be prosecuted in relation to any alleged offences linked to Project Eagle.

Ronnie Hanna, a former senior Nama executive, has been notified by authorities in the North that he will not be prosecuted in relation to any alleged offences linked to Project Eagle, a letter from his lawyers has said.

The €6 billion face value Project Eagle portfolio was Nama’s biggest loan book sale, and consisted of its entire Northern Ireland debt book. It was sold to the US firm Cerberus in April 2014 for €1.6 billion....

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Scouting Ireland raises provision for abuse cases to €6.4m

Legal Barry J Whyte 20 hours ago

Management company sues builders over alleged ‘fire safety deficiencies’ in complex

Legal Barry J Whyte 20 hours ago

Former minister: courts likely to hold government to account on climate policy

Isme boss claims solicitors are acting contrary to clients’ best interests in personal injury cases

Legal Eva Short 2 days ago