Browse content similar to 29/02/2016. Check below for episodes and series from the same categories and more!
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The prominent businessman Frank Cushnahan, who's been | :00:00. | :00:14. | |
at the centre of the billion pound Nama property deal | :00:15. | :00:16. | |
controversy, has claimed he was due to be paid a fixer fee in relation | :00:17. | :00:20. | |
The statement is made on a covert recording obtained by the BBC's | :00:21. | :00:26. | |
Spotlight programme, broadcast earlier tonight. | :00:27. | :00:28. | |
Mr Cushnahan, who had been an adviser to Nama, | :00:29. | :00:31. | |
has previously denied that he was due to receive money. | :00:32. | :00:36. | |
Here's our Economics and Business Editor John Campbell. | :00:37. | :00:39. | |
former banker, corporate fixer and Nama advisor. | :00:40. | :00:47. | |
After the financial crisis, it took effective control | :00:48. | :00:56. | |
property loan portfolio in Northern Ireland with more | :00:57. | :01:02. | |
It set up an advisory committee to deal with Northern Ireland issues. | :01:03. | :01:10. | |
Frank Cushnahan was appointed to that committed by the BUP. | :01:11. | :01:20. | |
And the former First Minister praised his role when he appeared | :01:21. | :01:27. | |
before Stormont Committee which was examining the deal. | :01:28. | :01:29. | |
I think the general view of Frank Cushnahan | :01:30. | :01:31. | |
used very considerably as an expert in these areas. | :01:32. | :01:45. | |
I was almost going to use the word guru in backing | :01:46. | :01:47. | |
But unknown to Nama, they had been talking to a US | :01:48. | :01:52. | |
investment fund who were interested in buying the entire | :01:53. | :01:55. | |
Prior to leaving his post, Frank Cushnahan continued | :01:56. | :01:58. | |
He was due to be paid ?5 million if the bid succeeded, | :01:59. | :02:01. | |
but it collapsed when a Nama learned of his role. | :02:02. | :02:04. | |
Another company then bought the loaned portfolio for more | :02:05. | :02:06. | |
Frank Cushnahan was also due to benefit from that deal. | :02:07. | :02:09. | |
But in discussing the deal, is says he was due a fee. | :02:10. | :02:21. | |
in this clip he refers to a solicitor moving money to an account | :02:22. | :02:24. | |
for his benefit. He did that because he | :02:25. | :02:27. | |
was unable to settle. This revelation raises | :02:28. | :02:33. | |
major issues for Nama. Should it have stopped the process | :02:34. | :02:36. | |
entirely when it learned of Frank Cushnahan's role | :02:37. | :02:39. | |
in the proposed sale? And tonight's Spotlight also | :02:40. | :02:48. | |
revealed a property developer has made a complaint of the US financial | :02:49. | :02:53. | |
regulator. He is alleging bribery and corruption and much of what he | :02:54. | :02:56. | |
has to say content and much of what he has to say, turn is the Nama | :02:57. | :03:05. | |
Northern Ireland portfolio. A man shot in Dublin to Knight has died in | :03:06. | :03:09. | |
hospital. He was described as a well-known dissident Republican and | :03:10. | :03:13. | |
were shot while sitting in his car while sitting in a residential area | :03:14. | :03:18. | |
of Finglas. The shooting took place in broad daylight in this housing | :03:19. | :03:23. | |
estate in Finglas in north Dublin. The victim, a man in his 20s, was | :03:24. | :03:28. | |
sitting in a car here on this road. He was a well-known to gardai as a | :03:29. | :03:35. | |
member of the dissident Republican family. A close relative was shot | :03:36. | :03:41. | |
dead in 2012. One witness described hearing six or seven showers and it | :03:42. | :03:45. | |
is believed the victim was hit in the head, throat and chest. -- | :03:46. | :03:52. | |
showers. The Volkswagen was seen speeding away from the area. Any | :03:53. | :04:04. | |
witnesses in the maquis Road area should come forward and contact the | :04:05. | :04:07. | |
gardai in confidence. Anybody who saw a silver -grey golf in the | :04:08. | :04:13. | |
Finglas area at the time of the shooting, roughly 2pm today until | :04:14. | :04:19. | |
about 4pm this evening. Gardai not linking to their's shooting with the | :04:20. | :04:23. | |
ongoing gangland feud in the city. This evening it has been confirmed | :04:24. | :04:29. | |
in the victim has died in hospital. -- that the victim has died in | :04:30. | :04:31. | |
hospital. The police have charged two men | :04:32. | :04:35. | |
with the murder of Stephen Carson The 28-year-old was shot in front | :04:36. | :04:38. | |
of his family in a house at Walmer Street off the Ormeau Road | :04:39. | :04:42. | |
last Thursday night. The two men are due | :04:43. | :04:45. | |
in court tomorrow. Detectives are continuing | :04:46. | :04:47. | |
to question a third man The London Mayor Boris Johnson | :04:48. | :04:49. | |
was in Northern Ireland today to announce a ?62 million | :04:50. | :04:52. | |
order with Wrightbus, securing hundreds | :04:53. | :04:57. | |
of jobs. was here just 48 hours | :04:58. | :04:59. | |
after the Prime Minister's visit. David Cameron said thousands | :05:00. | :05:09. | |
of local workers would face an uncertain future | :05:10. | :05:12. | |
if there was an EU exit. Boris Johnson arrived in good | :05:13. | :05:14. | |
spirits and with good news. This is him at a Wrightbus | :05:15. | :05:16. | |
factory in Antrim where he announced that London | :05:17. | :05:18. | |
is to order a further 195 Outside the UK, the firm's top | :05:19. | :05:21. | |
markets are beyond Europe and the Brexit- | :05:22. | :05:25. | |
supporting Mayor says Look at the achievement | :05:26. | :05:26. | |
of the workforce in this United Kingdom factory that has been | :05:27. | :05:33. | |
able to get a huge share Not just in London, | :05:34. | :05:36. | |
but in Singapore and Hong Kong, I think we need | :05:37. | :05:43. | |
to lift our eyes to see the growth markets around the | :05:44. | :05:46. | |
planet and I'm afraid that the sad thing is | :05:47. | :05:49. | |
that they are not in Europe Many Northern Ireland | :05:50. | :05:52. | |
exporters worry that Brexit poses a risk to the economy | :05:53. | :05:59. | |
and in the Prime Minister, Antrim at the weekend, | :06:00. | :06:02. | |
they have an ally. We have privileged access | :06:03. | :06:05. | |
to a market of 500 million people in the free trade | :06:06. | :06:08. | |
single market, and that gives us jobs, investment, | :06:09. | :06:11. | |
the chance to build And we can put that | :06:12. | :06:15. | |
at risk if we leave. But today was about positive | :06:16. | :06:23. | |
views for manufacturing, The Routemaster bus is only | :06:24. | :06:25. | |
about a fifth of what Wrightbus does, but it has become a calling | :06:26. | :06:35. | |
card and not just for the company, As Boris Johnson said, | :06:36. | :06:38. | |
this is a global brand, we have seen it in movies | :06:39. | :06:45. | |
and across the world and in some of the trade missions I was on, | :06:46. | :06:49. | |
we had the bus with us and it has become an icon of | :06:50. | :06:53. | |
British manufacturing. It is a massive endorsement | :06:54. | :06:56. | |
for a really good product. It takes us from 800 | :06:57. | :06:59. | |
buses to 1,000 buses, which is the size of | :07:00. | :07:03. | |
order we originally contemplated when we got it back | :07:04. | :07:05. | |
in 2009, and it is brilliant to see Boris Johnson also visited | :07:06. | :07:09. | |
other parts suppliers This place in Lisbon | :07:10. | :07:21. | |
makes PVC products. There was also a firm | :07:22. | :07:24. | |
that produces glass. All in all, last year, | :07:25. | :07:26. | |
Transport for London did ?93 million worth of business with | :07:27. | :07:29. | |
Northern Irish companies. Just a handful of Dail seats | :07:30. | :07:40. | |
have still to be filled With the counting nearly completed | :07:41. | :07:43. | |
the state of the parties With an inconclusive result, there | :07:44. | :08:00. | |
are the talk of the possibility of a grand coalition between the two | :08:01. | :08:03. | |
biggest parties, which is unprecedented. | :08:04. | :08:08. | |
Day three of the Republic selection count. The people have spoken, but | :08:09. | :08:15. | |
it is not quite clear what they have said. The only two parties that | :08:16. | :08:20. | |
would have a working majority as a coalition of Fianna Fail and Fine | :08:21. | :08:25. | |
Gael. Both centrist, with origins in the Civil War of the early 1920s. | :08:26. | :08:29. | |
There is growing opposition with a Fianna Fail to any arrangement with | :08:30. | :08:35. | |
police. Some may see this as a reconcilable similarities. The | :08:36. | :08:41. | |
former Taoiseach is not ruling out an election next year as he sees no | :08:42. | :08:45. | |
prospect of the two parties working together. A grand coalition I do not | :08:46. | :08:50. | |
see. It may be different in a month, but I don't see it now. If Fianna | :08:51. | :08:57. | |
Fail was the big winner in the election, rising almost Lazarus like | :08:58. | :09:02. | |
from the near dead, then Fine Gael and Labour were the losers. Among | :09:03. | :09:07. | |
those not returned was the Fine Gael leader and Minister for Children's | :09:08. | :09:13. | |
Affairs. We have shown that we have a strong backbone in terms of | :09:14. | :09:17. | |
surviving sessions and more people want to see now is a recovery that | :09:18. | :09:22. | |
does it every door and gets into every family home. The Dail and meet | :09:23. | :09:28. | |
on march that tend to choose a speaker for the first time by a | :09:29. | :09:32. | |
secret ballots. If Bertie Ahern is correct, it'll be at least another | :09:33. | :09:36. | |
month before an new Government is formed and a Taoiseach elected. | :09:37. | :09:42. | |
A Catholic priest caught on video appearing to snort cocaine has taken | :09:43. | :09:44. | |
Father Stephen Crossan is reported to have taken the drug in his house | :09:45. | :09:49. | |
The video was obtained by a Sunday newspaper. | :09:50. | :09:57. | |
Chris Buckler has been following the story, | :09:58. | :09:58. | |
It was obtained by the Son On Sunday and they say it was formed last | :09:59. | :10:09. | |
July. It seems Father Stephen Crossan had been out and invited | :10:10. | :10:12. | |
people back to his parochial home where this video was taken. We can | :10:13. | :10:17. | |
show you some of it, it is clear they were drinking and talking to | :10:18. | :10:20. | |
people and at one stage, he is offered by one of the people there a | :10:21. | :10:25. | |
line of powder. We will not showing without specifically, but he is also | :10:26. | :10:30. | |
handed in this footage ?10 notes and he goes over and snorts that drug. | :10:31. | :10:36. | |
It is also claimed by the paper that the group he was with found Nat C | :10:37. | :10:40. | |
memorabilia in his house. They said they found flags, hats and an eagle | :10:41. | :10:45. | |
with a swastika on his mantelpiece. In the defence, for the Crossan has | :10:46. | :10:55. | |
told the press that he is not a nazi and clicks historical artefacts all | :10:56. | :10:58. | |
over the world. He said it only happened on one occasion I was on | :10:59. | :11:01. | |
sick leave at the time and suffering from depression and has taken a | :11:02. | :11:06. | |
leave of absence from the church. We have also had a basement from Bishop | :11:07. | :11:11. | |
of Durham Moor and he said Father Crossan asked for the leave of | :11:12. | :11:15. | |
absence and has had counselling and considering his future. The bishop | :11:16. | :11:21. | |
also said he is concerned for for the Crossan's welfare. -- for the | :11:22. | :11:27. | |
Crossan's welfare. It is so sad because they have so | :11:28. | :11:47. | |
little and they are small communities. It is good to be | :11:48. | :11:53. | |
destroyed. Even the shelters they built. Even they will be gone. | :11:54. | :11:57. | |
And you can see that story from Tara Mills on tomorrow | :11:58. | :12:00. | |
evening's BBC Newsline at half-past six here on BBC One. | :12:01. | :12:02. | |
The weather outlook now, with Cecilia Daly. | :12:03. | :12:11. | |
Tomorrow the 1st of March. Newman, new season. New month new season at | :12:12. | :12:22. | |
full stop spring can still have a wintry night. It will be called, | :12:23. | :12:29. | |
unsettled. Rayner 's stormy winds. Sleet and snow. Just rain tonight. | :12:30. | :12:40. | |
My old. Heavy rain. Strong winds. By morning, temperatures in double | :12:41. | :12:45. | |
figures. Mild and Dumbo will get colder. | :12:46. | :12:59. | |
There will be a keen breeze. Rayner will settle. Whatever I give up. | :13:00. | :13:24. | |
Cold, and on Wednesday, sleet and snow mixed in with showers. Overall | :13:25. | :13:37. | |
this week, it is unsettled and it will get colder climes and there | :13:38. | :13:39. | |
will be Strong winds. Our next BBC Newsline is at 6:25.am | :13:40. | :13:41. | |
tomorrow morning during Breakfast You can also keep updated | :13:42. | :13:45. | |
with News Online. | :13:46. | :13:47. |