Dunne claims Nama on ‘fishing expedition’ over US properties

Lawyers for Sean Dunne and his wife Gayle Killilea yesterday insisted that three US properties which are the subject of a Nama investigation were bought using her own money and not as a result of an asset transfer.

It is Nama’s assertion that a “fraudulent transfer” of funds occurred after Mr Dunne was declared insolvent but the developer’s lawyers told a judge at the Stamford Superior Court in Connecticut yesterday that there was no proof that this was the case.

“They’re on a fishing expedition,” Mr Dunne’s lawyer Peter Nolin told reporters in between hearings at the court.