Two senior business figures are to be prosecuted in connection with the UK National Crime Agency investigation into the sale for £1.2 billion of Nama’sThe Public Prosecution Service said that two men, aged 78 and 49, are to face fraud charges in relation to what was the North’s largest ever property deal.Solicitor Joe Rice, who acts for Mr Cushnahan, said: “We are extremely disappointed with the decision taken by the PPS to prosecute.
The dispute over the sale of the Nama properties erupted in July 2015 when, under Dáil privilege, the then independent TD Mick Wallace, now an MEP, said that following from the Nama sale, £7 million was lodged into an Isle of Man account reportedly intended for Northern business and political figures.
The 78-year-old man is to be charged with one count of the offence of fraud, contrary to Section 1 of the Fraud Act 2006 involving a failure to disclose information between April 1st 2013 and November 7th 2013. “As a result, it has been concluded that there is sufficient evidence for two of those reported to be prosecuted for a number of serious charges,” she said.
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