If you were expecting details of Sean Dunne’s financial affairs today, it looks as if you’ll be disappointed. At 8am Dublin time, there is no record of Sean having filed the statements which he needs file, the omission of which has caused the judge to threaten to strike out the bankruptcy filing, and for which Sean obtained one filing-extension already though Sean has requested a hearing before the judge on the statements. They’ll be brought to you here, when they become available.
Meantime, the judge in Sean’s bankruptcy has agreed to the request from the bankruptcy trustee to subpoena Credit Suisse to answer questions and provide documents relevant to Sean’s case. In the order yesterday, Judge Alan Shiff says he’s “determined there is good cause for granting the requested relief”
What this means is that the bankruptcy trustee, Richard Coan – who has been granted additional legal resources by the court already – will question representatives from Credit Suisse at the start of May 2013 and may demand documentation. We still don’t know exactly what the trustee is after but we do know that Credit Suisse is not one of the creditors listed on Sean’s bankruptcy filing, and we do know that Credit Suisse was involved in the transaction which saw a €4m apartment in Geneva, Switzerland bought by Sean’s wife, Gayle and Sean’s name was added as a co-purchaser. That apartment was sold, and it appears to be part of NAMA’s case that the source of funds for the purchase was Sean and those funds rightly belong to NAMA. The Dunnes vigorously dispute NAMA’s allegations.