Michael O’Flynn: Nama has demonised my profession

Cork developer and Elysian builder Michael O’Flynn has controversially claimed Nama “demonised” his profession and insisted developers “did not cause” the crash.

The claim was made at two late-night bank inquiry hearings which saw another developer who had €2bn worth of his assets taken over by the taxpayer claim he is a “victim”.

Speaking to the cross-party body, Mr O Flynn said Nama is “failing” to get the best deals for the public and cannot distinguish between “part-time” developers and people like him “who knew what they were doing”.