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Bust developer lists 16-room mansion as his address on bankruptcy filing

BUST developer Sean Dunne listed a 16-room mansion on an exclusive patch of Connecticut's waterfront as his address on his bankruptcy application.

The property on Indian Field Road, Greenwich (pictured), was once on the market for $11.5m (€8.9m) and boasts eight bedrooms, nine bathrooms, a two-storey atrium, an outdoor swimming pool and a hot tub.

More recently the property has been advertised by Sotheby's realtors for $8m (€6.2m)

Mr Dunne and his wife Gayle Killilea are believed to be paying in the region of $20,000-a-month to live in the luxury home.

The couple were keeping a low profile in Greenwich over the weekend as the backlash caused by the former developer filing for bankruptcy in the US continued at home.

Security was tight at the Mead Point gated community where the mansion is located and there was nobody home when the Irish Independent called.

NAMA, which secured a €184m judgment against Mr Dunne over his debts to bailed- out banks, has pursued the couple in the Connecticut Superior Court over Ms Killilea's property deals stateside and another deal in Switzerland.

NAMA claims that money originally made by Mr Dunne was channelled through his wife to pay for her property deals, an allegation the couple denies.

The Greenwich, Connecticut properties at the centre of the case are:

• 38 Bush Avenue – NAMA claims Mr Dunne and Ms Killilea bought the house acting through a lawyer for $2m (€1.55m) in 2010, redeveloped it and sold it for $5.5m (€4.3m) last year.

• 42 Bote Road – another luxury house allegedly bought through a lawyer. It was sold for $3m (€2.33m) also in 2012.

• 22 Stillman Lane – bought for $1.5m (€1.1m) in 2011 through a lawyer NAMA claims acted for the Dunnes. It was sold later that year for just one dollar to a company that NAMA says is linked to another Dunne lawyer.

The agency claims that the deals made millions of dollars for the Dunnes.

Mr Dunne has always strenuously denied owning any property in the United States.

Ms Killilea's car, a silver Jeep Cherokee 4X4, spent yesterday morning outside 22 Stillman Lane.

A builder with an Irish accent emerged shortly before lunch and threatened to call the police if the Irish Independent didn't leave the estate. Twenty minutes later the jeep had disappeared.

Irish Independent