Ian Coulter Called ‘Greedy’ in US Company Email – The Irish Times
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nama Loan Book Trial: Coulter Called “Greedy” by Pimco Executive
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A Co Antrim man on trial for fraud charges linked to the sale of the Northern Ireland loan book was branded a “greedy fker” by a senior member of an American-based investment firm, a jury heard on Monday.
The comment relates to Ian Coulter (54), a former managing partner of Tughans solicitors from Templepatrick Road in Ballyclare, who has been charged with five offences over a time frame of April 3rd to December 1st, 2014.
His co-accused is 83-year old Frank Hugh Cushnahan, a former corporate financier from Alexandra Gate in Holywood, who is standing trial on two counts of fraud spanning over a period from April 1st to November 7th, 2013.
Both men have denied the charges that arise from the sale of the Northern Ireland property loan book held by the National assets Management Agency (Nama).
The Testimony of James Gilbert
As the Nama trial resumed at Belfast Crown Court, a former vice-president of US investment fund Pimco was called to give evidence.
James gilbert outlined his former role within Pimco which he said was “principally to source and execute real estate-related investments” for the firm.
The prosecuting barrister,Jonathan Kinnear KC,then asked Mr Gilbert about Tuvi Keinan from the London-based US law firm Brown Rudnick.
Mr Gilbert said he was introduced to Mr Keinan “at some point in 2012 by a mutual friend” as he was considered someone who might have been able to assist him in finding property investments for Pimco.
Project Eagle and Initial Discussions
Mr Kinnear then asked Mr Gilbert about discussions surrounding “a possible deal with Nama” and Mr Gilbert confirmed Mr Keinan informed him of a potential deal “of a significant size that involved the Northern Ireland loan book” which became known as Project Eagle.
When asked if mr Keinan mentioned anyone else he was involved with in the deal, mr Gilbert said “he mentioned that he was working on a deal with Mr Cushnahan and Mr Coulter”.