20/Aug/2014 - Last News Update: 08:59

Quinn footage allowed by Dublin High Court in IBRC legal action

Category: Northern Ireland

Published: 4th Jul 2012 13:24:07

Secretly filmed video of bankrupt former billionaire Sean Quinn's son and nephew has been admitted into evidence at the High Court in Dublin.

Sean Quinn Jnr and Peter Darragh Quinn are shown in the footage apparently making an illegal deal with Russian businessmen over a shopping centre owned by Irish state bank IBRC.

The bank used the video to support a motion to appoint receivers to a wide range of Quinn family members' assets, extending this beyond the original three involved in the contempt case.

The court accepted the motion, and a full hearing is due to take place on 24 July.

It means that a receiver could take charge of the family's assets to prevent further interference with property and assets that should belong to the bank.

The court also dismissed an application by Sean Quinn Snr to represent himself in an ongoing case between the family and the bank over the validity and enforceability of loans.

Last week, the three men were found to be in contempt of court.

A High Court judge ordered them to reverse the movement of assets out of the reach of IBRC, formerly the Anglo Irish Bank.

A judge will look again on 20 July at their co-operation with the bank.

At a hearing on Friday, Ms Justice Elizabeth Dunne made it clear that the men could still face jail if they do not obey a range of court orders.

Source:
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BBC News, 2012. Quinn footage allowed by Dublin High Court in IBRC legal action [Online] (Updated 4th Jul 2012)
Available at: http://www.ukwirednews.com/news/1438590/Quinn-footage-allowed-by-Dublin-High-Court-in-IBRC-legal-action [Accessed 20th Aug 2014]

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