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Evening Standard
Evening Standard
National
Jonathan McCambridge

Defendants in Nama fraud trial ‘motivated by greed’ to act dishonestly

Frank Cushnahan arriving at Belfast Crown Court for an earlier hearing (Liam McBurney/PA) - (PA Wire)

Two men facing fraud charges linked to a £1.1 billion property deal in Northern Ireland were “motivated by greed” to act dishonestly, a jury has heard.

Belfast Crown Court was told that prominent Belfast businessman Frank Cushnahan and former law firm managing partner Ian Coulter expected to be paid millions of pounds each as a “success fee” for the sale of the Northern Ireland property loan book held by the Republic of Ireland’s National Assets Management Agency (Nama).

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