05/11/2012

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.

The protesters are also demanding mediated talks between the Quinn family and IBRC, the former Anglo Irish Bank.

Sean Quinn was sentenced on Friday to nine weeks in jail for contempt of court. He chose to begin his sentence right away.

The sentencing saw 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.

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.

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

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

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

Lawyers for IRBC maintained there had 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 remained a possibility that the bank would apply to jail the Quinns.

(IT)

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