Monday 21 August 2017

Push for Dunne to be held in contempt over files on assets

Sean Dunne Picture: Courts Collins
Sean Dunne Picture: Courts Collins
Shane Phelan

Shane Phelan

A US bankruptcy official has asked a court there to hold property developer Sean Dunne in contempt over his alleged failure to produce emails and documents relating to his business dealings.

A hearing has been scheduled for later this month after Mr Dunne allegedly "omitted enormous amounts" of material subpoenaed by bankruptcy trustee Richard Coan.

The records were sought as part of a lawsuit in which Mr Coan is seeking to reverse the transfer by Mr Dunne of tens of millions of euro in assets to his wife Gayle Killilea.

The bankruptcy trustee claims the assets were fraudulently transferred and that the developer still controls and benefits from them.

He claims property development businesses owned by Ms Killilea in Connecticut and New York are actually controlled by Mr Dunne (pictured).

In a sworn affidavit last February, Mr Dunne said he had filed "all responsive documents".

However, in a court filing earlier this month, Mr Coan described Mr Dunne's claim of full disclosure as "dubious".

Mr Coan provided a list of categories of documents Mr Dunne had not supplied.

Mr Dunne has until next Thursday to respond. Both he and Ms Killilea deny the asset transfers were fraudulent.

Irish Independent

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