A former banker is considering the option of filing a lawsuit against the state after he was freed on Thursday of sexual offence charges following a stunning admission by the complainant in court that she lied about aspects of the purported incident.

Darren Daley was freed of breaches of the Sexual Offences Act, specifically for having sexual intercourse with a person under the age of 16, during the trial in the Home Circuit Court in downtown Kingston on Thursday.

In addition, he was freed of two counts of procuring sexual intercourse with a child, and procuring grievous sexual assault of a child.

The complainant, who was 15 years old at the time of the alleged offences in 2014, testified during the trial that Daley sexually assaulted her at his house.

Additionally, she testified that she was abducted by six men who took her to Daley's house, where they all sexually assaulted her.

She also made claims that Daley took her to the Wyndham Hotel in New Kingston, where some men paid her to be intimate with them.

But during cross-examination from Daley's attorney, Hugh Wildman, the attorney produced an article that detailed the closure of the hotel in 2014, due to a major fire at the entity the previous year.

The complainant had also testified that money she received from the men who reportedly paid her for intimate services at the hotel was used it to provide for her family, but her mother, while being cross-examined by the defence, said her daughter did not take any money home.

The complainant eventually admitted that she lied when giving statements to the police in 2014 and 2018, with one of the lies having been that she was abducted by men in Barbican St Andrew and taken to Daley's home.

Wildman, in a no-case submission, argued that the prosecution's case was riddled with discrepancies, and said the jury could not return a true verdict of guilty.

The prosecutor in court conceded to the arguments from the defence, and the presiding judge directed the jury to return a formal verdict of not guilty on all the counts.

Wildman, in subsequent interviews, said his client has enquired if a case can be brought against the state in light of what transpired at the trial.

The attorney said Daley has since expressed the intention to file a suit of malicious prosecution and false imprisonment against the state in the near future.