United Kingdom: Nama: Two men to be charged over NI’s biggest property deal

Two men are to be charged as part of a criminal investigation into Northern Ireland’s biggest-ever property deal.

It relates to the 2014 sale of £1.2bn in property loans by the Republic of Ireland’s state asset agency Nama to US investment firms.

It is understood the two to be charged are businessman Frank Cushnahan, 78, and lawyer Ian Coulter, 49.

The Public Prosecution Service (PPS) said there was “sufficient evidence” to jointly charge the men with fraud.

The National Asset Management Agency (Nama) was set up by the then Irish government to deal with toxic loans after Ireland’s banking crisis in 2008.

Nine people had been placed under investigation in 2017 by the UK’s National Crime Agency (NCA) for allegations of fraud, bribery, and corruption.

The original full article can be found at bbc.co.uk

(Picture: Getty Images)

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