Monday February 17, 2020

Nama to probe Dunne's transactions in South Africa

The National Asset Management Agency is investigating a string of South African financial transactions involving the bankrupt developer Sean Dunne.

13th July, 2013
Sean Dunne and his wife Gayle Killilea.

The National Asset Management Agency (Nama) is investigating a string of South African financial transactions involving the bankrupt developer Sean Dunne.

The state's 'bad bank' is trying to establish the current ownership structure of the Lagoon Beach Hotel, a five-star luxury resort in Cape Town which has four on-site restaurants and three separate swimming pools.

Nama is investigating evidence that Dunne remains the beneficial owner of the hotel, which he developed in 2004.

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