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Belfast businessman Frank Cushnahan, 84, denies fraud charges over undisclosed 2013 talks with U.S. firm Pimco during Ireland’s Nama sale.
Frank Cushnahan, 84, a Belfast businessman, faces fraud charges for allegedly failing to disclose meetings with U.S. firm Pimco during 2013 negotiations over Ireland’s Nama loan portfolio sale to Cerberus.
He denies the charge, with his defense arguing no financial gain occurred, no legal duty to report the contacts existed, and the prosecution’s case lacks credible evidence.
His barrister called the case “utterly hopeless,” citing Cushnahan’s long public service and lack of misconduct allegations from multiple witnesses.
The trial continues at Belfast Crown Court with closing arguments underway.
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El empresario de Belfast Frank Cushnahan, de 84 años, niega los cargos de fraude por conversaciones no reveladas de 2013 con la firma estadounidense Pimco durante la venta de Nama en Irlanda.