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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