Gayle Dunne told not to reduce assets below €50m

Gayle Dunne, wife of bankrupt developer Sean Dunne, has been ordered by a court not to reduce her assets below €50m amid concerns that efforts are being made to put his assets beyond the reach of creditors.

Mr Justice Brian McGovern, at the Commercial Court, made the temporary order pending a hearing of further proceedings.

He said there was a strong prima facie case that Mrs Dunne and her husband were “involved in an elaborate scheme” to frustrate efforts to administer Mr Dunne’s affairs by the court-appointed official in Ireland, as well as of the equivalent official in the US.