The National Asset Management Agency has taken a fresh legal challenge against property developer Sean Dunne in a bid to stop him walking away from debts of more than €700 million in the United States.

The State loans agency, which has a judgment debt of E185 million against Mr Dunne, filed a legal complaint within Mr Dunne’s US bankruptcy proceedings in a Connecticut court seeking to block his discharge from bankruptcy, which would prevent him embarking debt-free on a fresh financial start.

The latest skirmish between Nama and Mr Dunne comes as the developer is due to make a second appearance before his creditors at a meeting today in New Haven, Connecticut. Nama claims in a legal complaint filed late on Monday that the bankrupt developer made numerous false statements in his first meeting with creditors last month. He filed for bankruptcy in March. Source: The Irish Times