Frank Cushnahan was accused of fraud by failing to disclose information between April and November 2013. Photograph: Liam McBurney/PA Wire

An 84-year-old man was acquitted on Monday of a charge of fraud arising from a proposal to purchase the Northern Ireland loan book of the National Assets Management Agency (Nama).

Following an investigation that began more than 10 years ago and a mammoth four-month trial, corporate financier Frank Cushnahan was found “not guilty” by the jury.

As the businessman stood in the dock of Belfast Crown Court, a court clerk asked the foreman of the jury if they had reached a verdict upon which they were all agreed.

When the foreman sai

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