Nama: Ian Coulter 'tried to hide payment from property deal', court told
The prosecution say that Mr Coulter controlled the money and concealed the full details from his colleagues. It is alleged that he ensured it did not go into the main bank account of Tughans, but a dormant company account instead.The majority of the money was later transferred to an account in the Isle of Man controlled by Mr Coulter, the court was told.When questions began to be asked at Tughans about the matter, the prosecution say Mr Coulter was "dishonest" and tried to mislead colleagues."Effectively, his story changed as he began to get caught out by his partners at Tughans," Mr Kinnear told the jury.One of their meetings between partners was recorded and the court was shown a transcript of what was allegedly said.The prosecution say Mr Coulter attempted to blame others for what happened as he realised the truth of what he had been doing was starting to emerge.Mr Kinnear told the jury: "The only person who ruined Mr Coulter's career was Mr Coulter."At the meeting which was recorded, he is alleged to have said: "Every morning I wake up, I go 'How do I, how do I fix this?'"The trial is being held at Belfast Crown Court before judge Madam Justice McBride, and is expected to last up to 12 weeks.
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