Banks probe Dunnes' African money trail

The plot thickens: the National Asset Management Agency (Nama) and Ulster Bank are trawling through financial transactions in South Africa as they seek to unravel a complex money trail.

Ian Kehoe - avatar

Ian Kehoe

13th July, 2014

The plot thickens: the National Asset Management Agency (Nama) and Ulster Bank are trawling through financial transactions in South Africa as they seek to unravel a complex money trail involving the bankrupt property developer Sean Dunne and his wife Gayle Killilea.

Dunne's main creditors are attempting to unmask cash and loan transfers between Dunne's Mountbrook Group and a South African company called Mayfestive Investments, which is purportedly controlled by Killilea.

Dunne's lenders are probing the...

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