FORMER Nama adviser Frank Cushnahan was arrested by fraud squad chiefs on Tuesday in connection with a record £1.2 billion property deal. The high-profile businessman was one of two men detained in Co Down by the National Crime Agency (NCA) as part of major investigation into the sale of assets and property owned by the National Assets Management Agency (Nama) to US firm Cerberus.
THE PSNI has launched a criminal investigation into fraud allegations involving former Nama adviser Frank Cushnahan. In an unexpected move, detectives will investigate alleged offences of 'obtaining a pecuniary advantage by deception' and 'conspiracy to defraud'.
THE Republic's finance minister Michael Noonan has questions to answer after keeping Stormont counterparts in the dark over proposed payments to a former adviser to Ireland's bad bank, a watchdog claimed.
JUSTICE minister David Ford has claimed the DUP's Peter Robinson and Sammy Wilson made major "errors of judgement" on the Nama Northern Ireland property deal. Mr Ford also said an independent inquiry is now needed to "show politics is clean".