Belfast Telegraph

Two suspects could face trial over Northern Ireland Nama deal

By Staff Reporter

Prosecutors are to decide whether to charge two suspects in a fraud investigation linked to Northern Ireland's biggest property deal.

Nine people are being investigated as part of the probe into the £1.2bn sale by the National Assets Management Agency (Nama), the Republic's 'bad bank'.

The National Crime Agency (NCA) is leading the probe into the disposal of the massive Northern Ireland property portfolio.

It was reported by BBC Northern Ireland yesterday that the NCA has sent files to the Public Prosecution Service (PPS). A "more substantial file" is expected to be submitted in due course.

The BBC NI report said that files were sent to the PPS last month and are now under "active consideration".

Prosecutors will now decide whether there is enough evidence to bring charges against the two suspects and put them on trial. In a statement, the NCA said: "As you would expect for an ongoing complex investigation, we are regularly liaising with the Public Prosecution Service (PPS) Northern Ireland.

"A file relating to some of the matters under investigation has recently been submitted to the PPS.

"A large number of documents have been received and continue to be reviewed.

"We will take the time necessary to investigate properly and comprehensively a further, more substantial file that will be submitted to the PPS in due course."

Nama is the Republic's bank for bad debts, which was established following the banking crisis.

Belfast Telegraph

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