31/Jul/2014 - Last News Update: 18:00

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.

BBC News External Link Show Citation

Latest News

Harvard Citation

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 31st Jul 2014]

News In Other Categories

  • Adidas scales back in Russia and issues profit warning

    Shares in sportswear maker, Adidas, have tumbled after the company issued a profit warning and said it will open fewer stores in Russia than planned.
  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • Woman 'threw prosthetic leg at Thomson Airways cabin crew'

    An Edinburgh-bound plane had to be diverted to Gatwick Airport after a woman allegedly became abusive and threw her prosthetic leg at cabin crew.
  • Benidorm actor Kenny Ireland dies from cancer aged 68

    Actor Kenny Ireland - best known for his role in TV comedy Benidorm - has died, aged 68, following a battle with cancer.
  • Executive approves £900,000 funding to save aquarium

    The Northern Ireland Executive has approved funding to save the Exploris Aquarium in Portaferry, County Down.
  • Do lab monkeys suffer from depression?

    Do monkeys who have never known anything different mind being subjected to repeated experiments on their brains? It is a question that the Home Office is currently examining.