I know I’ll get nothing I want for christmas. But it is my sincerest wish that Dunne gets a painful lesson in life and finds out that he picked the wrong jurisdiction for shenanigans.
Impatient Dunne shows he is eager to get back in the game - Simon Carswell →
irishtimes.com/business/sect … -1.1628996
There was a funny moment, one of many, during almost eight hours of intense questioning at a two-day meeting of Seán Dunne’s creditors in Connecticut last week.
Asked by US attorney Tom Curran, for the National Asset Management Agency, whether his wife Gayle Killilea and children had business interests in South Africa, juhuDunne’s sarcastic reference to a gold mine appeared lost on Nama’s American lawyers who were in no mood for banter. The State loans agency has a €185 million judgment against the Co Carlow developer, among €720 million of debts that forced Dunne into bankruptcy in the US last March.
there is more
Ode to Gayle
I love my wife with all my life
Even more than a model Brazilian
But even she, so dear to me
Aint worth €100million
Gayle Killilea has a ‘privacy right’ on her bank accounts, US court hears - Orlaith Farrell →
independent.ie/incoming/gayl … 09006.html
04 December 2013
Maybe I wasn’t reading the earlier coverage attentively enough but I didn’t realise there was a question mark over whether the 2005 transfer was genuine. It was only on Prime Time last night that I understood it was an undated document that they didn’t rely on until much later and there is only their word that it was actually agreed in 2005.
100 artworks hidden behind fake wall at ‘Dunne house’ House ‘owned by an Isle of Man company’ - →
politics.ie/forum/economy/20 … ost7513540
100 artworks hidden behind fake wall at ‘Dunne house’ House ‘owned by an Isle of Man company’
15 Dec 2013 The Irish Mail on Sunday By Niamh Walsh
COURT officials found a cache of 100 art works hidden in a secret room behind a false wall during a raid on a house at the K Club associated with bankrupt builder Seán Dunne, the Irish Mail on Sunday can reveal.
The house, valued at €1.5m, belonged to an offshore company that Dunne this week admitted he set up. It was raided and seized along with all its contents two weeks ago by agents acting on behalf of the court official assigned to pursue Dunne’s assets on behalf of his creditors.
Now official documents seen by the MoS reveal that the Official Assignee in Bankruptcy, Chris Lehane, went to court to obtain a warrant to search the house after he received a tip-off that Dunne was storing art of ‘high value’ at the house.
An affidavit sworn by Mr Lehane – and seen by this paper – reveals he got a ‘tip’ that the art work was hidden behind a false wall in No.19 Churchfields at the K Club estate.
there is more
Wow, surely the yanks will go to town on him over this.
Dunne won’t be bending over to pick up loose change when they send him to the big house.
I’m delighted he got caught.
I am sure all the purchases can be traced directly back to the Gayle’s personal accounts. That would just sort everything out.
Between this and McFeely’s stash under the bath, it starts to make the Quinns look positively canny. (“Nuttin’ we can do yer honour – we lent it to a Ukrainian security man and he won’t give it back.”).
Churchfields, The K Club, Straffan, Co. Kildare
any idea if this is Dunner’s gaff - his place has been variously
mentioned as over looking the 16th hole but I reckon that’s impossible from the map here
i.pga.com/pga/images/rydercup/20 … erview.jpg
I wonder did it include the chess set?
Nama is preparing to sell three office buildings in central Dublin with a combined valued of more than €100 million, according to two sources.
Just fyi, that was a Bloomberg scoop on Friday.
Yes, credit where due.
bloomberg.com/news/2013-08-2 … rties.html
as reported by Neil Callanan
Hume House, along with two other buildings on Sir John Rogersons Quay (also Sean Dunne connected) look like they will be sold to Blackstone for €100m:
irishtimes.com/business/sect … -1.1646305
Bankrupt property developer Sean Dunne has applied to the American immigration authorities for a green card as he seeks to reside permanently in the United States… Ian Kehoe reports in the SBPost
Sean Dunne has applied for green card to stay in US indefinitely →
independent.ie/irish-news/se … 10024.html
Ex-Nama exec targets Dunne’s former assets - RONALD QUINLAN →
independent.ie/business/exna … 89099.html
A former senior Nama executive who had direct responsibility for managing Sean Dunne’s business with the agency has revealed that he is now considering buying up the assets of the one-time ‘Baron of Ballsbridge’ and other Nama developers.
Kevin Nowlan said his property investment fund Hibernia REIT (Real Estate Investment Trust) had already been looking at buildings which had been owned by Mr Dunne in Ballsbridge and Dublin’s docklands, as well as a loan book with a face value of €300m built up by developer Sean Reilly, which comprises prime office blocks in Dublin 2 and Dublin 4.
However, the former Nama portfolio manager insisted his previous employment with the State’s ‘bad bank’ did not give him a competitive advantage.
there is more
Frank Fitzgibbon @FrankSunTimes 17m
SunTimesNews: It’s taken a while but DPP and gardai are finalising strategy to extradite David Drumm from US, writes
Dunne gifted wife €60m for house - Orlaith Farrell →
herald.ie/news/dunne-gifted- … 52737.html
lots of coverage in the Times and Indo
irishtimes.com/news/world/us … -1.1708874
independent.ie/irish-news/co … 52970.html
Amidst all the ridiculousness the quote that jumps out at me is this one:
“he said he was so wealthy in December 2008 that Ulster Bank released a loan charge over an asset to “let me do what I want with it – I could have bought a horse with it or went to Las Vegas with it”"
I really hope he got his years mixed up - or else what on earth were Ulster Bank doing?
irishtimes.com/news/crime-an … -1.1731099
Dunne denies valuable art hidden behind ‘secret panel’
Developer doesn’t want to come to Ireland to give evidence because of expense involved
In an affidavit sworn in Paris last weekend, Mr Dunne denies claims by Mr Lehane that several pieces of artwork had already been removed from Churchfield and there were plans to transport more to the US.
was there something on in Paris last weekend?
I think it there was a competition for the Worlds biggest perjuring bastard award … oh, & the rugby of course. Not sure which Sean, & the Fragrant, & very wealthy Gayle were attending