Offshore payments for favours reached £160,000

RAY BURKE received £160,000 in corrupt payments through offshore bank accounts in exchange for political favours, the Flood Tribunal has concluded.

The tribunal said accounts were opened in the Isle of Man and Jersey in order to receive money from developers Tom Brennan, Joseph McGowan and associates.

The sums of money were enormous at the time and represented around 10 times the gross annual income of Mr Burke.