Frank Cushnahan arriving at Belfast Crown Court where he and Ian Coulter are charged with fraud. Photograph: Liam McBurney/PA Wire

The workings of a committee set up by the National Asset Management Agency (Nama) to advise in respect of property debts in Northern Ireland came under scrutiny on Monday.

As the former chairman of Nama spent his third day in the witness box at Belfast Crown Court, Frank Daly was questioned about the Northern Ireland Advisory Committee (NIAC).

One of those appointed to sit an external member on NIAC was “corporate financier” Frank Cushnahan, who is one of two bus

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