Cunningham rejoins subprime firm as director

Moneylender Ted Cunningham, who is facing a second trial on laundering charges, has rejoined his troubled subprime loan company as a director.

He has said he is determined to chase money that Chesterton Finance is still owed from borrowers in order to repay private investors who had initially funded his operation.

He was re-appointed as a director in September, having left the firm in 2009 when he was jailed.