A Belfast fraud trial heard that Pimco asked whether Nama had been aware of the possibility of success fees being paid for the sale of a loan book.
A fraud trial linked to the sale of a Northern Ireland loan book held by the National Asset Management Agency (Nama) heard on Wednesday how a US investment firm had “no choice other than to gracefully withdraw” from a £1.1 billion property deal.
A solicitor from Nama was called to give evidence at Belfast Crown Court, where two businessmen are currently standing trial.
Frank Hugh Cushnahan (83), from Alexandra Gate in Holywood, has been charged with two counts of fraud spanning a period from April 1st to November 7th, 2013.
Co-accused Ian George Coulter (54), a former manag
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