01/11/2012

Quinns Due Back In Court

Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders.

Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.

At the High Court at the end of July 2012, it was found that Sean Quinn, his son Sean Quinn Jnr and his nephew Peter Darragh Quinn had defied court orders by asset stripping.

Miss Justice Elizabeth Dunne said their evidence had been "evasive, incredible and untruthful".

The men were found to have put about half a billion euros beyond the reach of the Irish Bank Resolution Corporation (IBRC), formerly bailed-out Anglo Irish Bank.

Sean Quinn Jnr was sent to jail for three months, while his father was spared a sentence in order to take steps to reverse the asset-stripping scheme.

Peter Darragh Quinn avoided jail by not showing up at the July hearing and remaining in Northern Ireland.

The hearing will decide whether both men have adequately complied with court orders.

Lawyers for IRBC have said there has been no co-operation from Sean Quinn Snr to comply with court orders to reverse the asset-stripping of Quinn companies.

The court was told "nothing had been done and no steps had been taken".

It is still possible that the bank could apply to jail the Quinns.

(IT)

Related Northern Ireland News Stories
Click here for the latest headlines.

11 March 2020
Match Postponed As Linfield Player Contracts Coronavirus
Linfield's next fixture has been postponed after a player tested positive for coronavirus. The club was due to play Larne in a Danske Bank Premiership match this Saturday, however officials say the match will no longer go ahead. This follows an announcement on Tuesday that the footballer had contracted the virus. He is now self-isolating.
11 March 2020
PSNI See Rise In Fraudulent Phone Calls
Members of the public are urged to remain vigilant in the face of rising numbers of fraudulent telephone calls. The PSNI said older people are at a heightened risk of falling victim to over the phone scams.
23 February 2012
Quinn Family Win Preliminary Ruling Against IBRC
The High Court in Dublin has ruled that the family of Fermanagh-born businessman Sean Quinn can continue with their legal battle. Mr Quinn’s wife and five children are challenging the demands made by the Irish Bank Resolution Corporation (IBRC) to repay loans totalling €2.3 billion.
05 November 2012
Protesters Support Jailed Sean Quinn
A protest blockade in support of Sean Quinn is taking place in Derrylin in County Fermanagh. Campaigners have demanded the jailed billionaire be released. Tractors are thought to be blocking a road, while it has also been reported a lorry is parked across the entrance to the Quinn Glass factory.
02 November 2012
Sean Quinn Jailed For 9 Weeks
Sean Quinn has been sentenced to nine weeks in jail for contempt of court. The sentencing sees the culmination of a high-profile legal battle between the Quinns and bailed-out bank Anglo Irish over claims of asset-stripping by the former billionaire. Sentencing at Dublin High Court is expected to occur at 13:00.