Reports say sum of at least £6m was set aside for payment to Nama deal-makers
An investigation has reportedly found that at least £6m held in an Isle of Man bank account had been set aside for the purpose of facilitating payments to people involved in the sale of Northern Ireland National Asset Management Agency's (Nama) property portfolio.
The BBC said it understood that the money was intended for payments to deal-makers and fixers.
An investigation apparently found that the money was diverted at Belfast legal practice Tughans, where managing partner Ian Coulter, who has since left, transferred the cash into an account held under his name.
Tughans said that when it discovered what had happened it took back the money and Coulter left the firm, which said it had been completely unaware of the transactions. It reported the matter to the Law Society of Northern Ireland.
According to the BBC, the sum was paid to Tughans by another law firm that is understood to have worked for the buyers of Nama, US investment firm Cerberus, who said that "no improper or illegal fees were paid by us or on our behalf".
The Law Society investigations continues.