Tuesday September 22, 2020

Ronan lashes out at banking inquiry over Nama dealings

Developer accused inquiry of carrying out a 'snow job'

3rd January, 2016
Battersea Power Station in London was formly co-owned by Johnny Ronan

Property developer Johnny Ronan has accused the Oireachtas Banking Inquiry of carrying out a “snow job” by inadequately tackling the National Asset Management Agency’s (Nama) role in the financial crisis.

Cork developer Michael O’Flynn has also written to the inquiry, saying it ignored “hard factual evidence” that Nama sold properties “significantly” below their value, thus exacerbating the cost of the crisis.

O’Flynn cited the sale...

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