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flag Irish developer challenges Nama asset transfers, citing improper appointments before its creation.

flag Irish property developer Seán Dunne, bankrupt since 2013, has launched legal action challenging the validity of asset transfers to Nama after the 2008 crash, arguing key appointments were made before Nama’s official establishment. flag Meanwhile, former Nama CEO Brendan McDonagh testified in a Belfast trial that the agency failed to report a potential criminal offence when Pimco withdrew from a £1.2bn Northern Ireland loan deal in 2014 due to concerns over Frank Cushnahan’s possible financial gain. flag The case involves two men charged with fraud and conspiracy, both denying the allegations as the trial continues.

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