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25/05/2013 - Last News Update: 07:23

Northern Ireland

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Sean Quinn 'resents asset strip claim'

Published: 4th May 2012 17:26:53

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Sean Quinn has denied he was the chief orchestrator of alleged steps by his family to put international property assets beyond the reach of the former Anglo Irish Bank.

Mr Quinn also said he "resented greatly" claims by the Irish Bank Resolution Corporation that he had breached court orders of June and July 2011 restraining any steps by his family to strip assets from their international property group.

Mr Quinn was being re-examined by his own lawyers in a Dublin court.

The bank is seeking to have Mr Quinn, his nephew Peter Darragh Quinn and son, Sean Quinn Jr jailed for contempt of the high court orders.

All three have denied the bank's claims.

They admit certain measures were taken to put assets beyond Anglo's reach but deny any such steps were taken after the court orders were made.

Mr Quinn's re-examination has concluded and the court has been told the Quinn side will not be conducting any cross-examination of IBRC about affidavits sworn on its behalf.

Ms Justice Dunne has adjourned the case to next Thursday to allow lawyers for both sides to file written submissions on legal issues.

The sides will then make oral submissions.

It is expected Ms Justice Dunne will reserve her judgment.

Source:
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Harvard Citation

BBC News, 2012. Sean Quinn 'resents asset strip claim'. [Online] (Updated 04 May 2012)
Available at: http://www.ukwirednews.com/news.php/1426633-Sean-Quinn-resents-asset-strip-claim [Accessed 25th May 2013]
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