No prosecution over alleged Nama leak
The trial of a former Nama official who had been accused of leaking confidential information to an investment firm will not now proceed following the decision of the Director of Public Prosecutions to enter a 'nolle prosequi' in the case.
Paul Pugh, 58, who has an address at Clontarf Road, Dublin, had faced a charge that in 2012, he intentionally disclosed by email, confidential information relating to Meath-based developer John McCabe's UK firm, McCabe Builders (UK) Ltd to a named individual at investment firm Connaught and Whitehall Capital UK Ltd.
While Mr Pugh had been due to stand trial at the Dublin Circuit Criminal Court in relation to the charge which is contrary to Section 7(1) and 6 and Section 202(2) of the Nama Act, the Irish Independent has learned that DPP lawyers informed the court on February 12 that it had decided not to prosecute.
The DPP's entering of a nolle prosequi means that he is innocent of the charge for which he had been due to be tried. The decision entitles him to the presumption of innocence.
The Office of the DPP declined to comment. Efforts to contact Mr Pugh for comment proved unsuccessful. While the DPP does not, as a matter of course, provide reasons for decisions, they are usually based on a problem or problems with the evidence assembled in a case that would make it difficult to prosecute.