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Seán Dunne owes over a third of a million to Dublin City Council

18 May, 2013

Developer Seán Dunne owes over a third of a million euros to Dublin City Council despite claiming in the USA that: "I am personally happy that my debt to the Irish State is clear". Sinn Féin’s Councillor Mícheál Mac Donncha, Chairperson of the Council's Finance Strategic Policy Committee, revealed the sum owed by Dunne this week.

He said: "When developer Seán Dunne claimed in his US bankruptcy proceedings that he is happy that his debt to the Irish State is paid I requested City Council officials to ascertain what he owes to the City Council. It was reported to the Council's Finance SPC this week that he owes the City Council €337,264 in rates through his company Mountbrook Riverside (now dissolved) for office properties on Pembroke Road. There is no guarantee that any of this will be recovered for the people of Dublin City.

"Contrast this with the treatment of our older people and those dependent on social welfare who, if they fail to pay the Family Home Tax, will have it deducted from their meagre state payments. 

"Developers such as Dunne were massively incentivised and subsidised by the state through tax breaks. They inflated the property bubble and were supported by corrupt banking, leading to the collapse of the Irish economy. And they have the audacity to claim their debts to the Irish people are paid." ENDS

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