Judgement reserved in Quinn case

The High Court was told last week that Sean Quinn and members of his family had engaged in fraudulent conduct and shown a willingness to pervert the course of justice and use a number of courts for their own purposes.

The High Court was told last week that Sean Quinn and members of his family had engaged in fraudulent conduct and shown a willingness to pervert the course of justice and use a number of courts for their own purposes.

Last Tuesday, Ms Justice Elizabeth Dunne reserved judgement on claims that Sean Quinn, his son Sean Junior and nephew Peter Darragh Quinn breached court orders restraining them putting assets beyond the reach of IRBC. Judgement will be delivered after June 6. The judge has said she will first decide whether there was contempt before hearing arguments on what action should be taken.

The bank claims the three acted in contempt of court orders of June and July 2011 restraining them placing assets in the Quinn IPG beyond the bank’s reach. The respondents deny contempt and say, while there was a plan to prevent the bank moving against assets, no steps in furtherance of that were taken after the orders were made.

In his final closing reply for the bank, Mr Gallagher argued that “extraordinary”, “misleading”, “inaccurate”, “bizarre”, and “untrue” statements had been made to the Irish courts and to courts abroad on behalf of the Quinn family in proceedings related to alleged stripping of assets in the Quinn international property group (IPG), including valuable properties in Russia and Ukraine.

The Quinns were excused from attending court Friday May 11, as Sean Quinn Junior (one of the accused) married Karen Woods in Castleknock. The three defendants could be facing prison sentences if sound guilty of the breach of court orders. In separate proceedings, Patricia Quinn and her five adult children, who have owned the Quinn companies since 2002, claim they are not liable for loans of some €2.34 billion made by Anglo to Quinn companies because those loans were unlawfully made to prop up the bank’s share price.

BBC aired a Spotlight documentary titled “Sean Quinns Missing Millions” last Tuesday evening, May 15. In the hour long programme Reporter Jim Fitzpatrick took on a global hunt searching for Sean Quinn’s millions which he is accused of hiding.