US court allows NAMA questioning in Sean Dunne case

Wednesday 15 May 2013 18.34
Sean Dunne filed for bankruptcy in the US in March
Sean Dunne filed for bankruptcy in the US in March

A US court has given permission for a representative from the National Asset Management Agency to be questioned about the affairs of Irish developer Sean Dunne.

A trustee of the bankruptcy estate of Mr Dunne had asked a judge in Connecticut to allow him to question NAMA as the agency had “information relevant to the assets of the debtor and/or transfers made by the debtor.”

The judge found there was good cause to approve the request and said they examine a NAMA representative on 28 May, or at another date agreed by the relevant parties.

Sean Dunne filed for bankruptcy in the US in March, with a statement earlier this month showing that he owes €718m to creditors including Ulster Bank and NAMA.