Down-at-heel Quinns billed family business for wedding
‘Low-key’ big day cost hundreds of thousands
The bill for the wedding of Sean Quinn’s daughter was charged to the debt-laden family business, it has emerged.
The wedding for the Fermanagh-born bankrupt businessman’s second youngest daughter, Aoife, and solicitor Stephen Kelly in August 2010 was described at the time as low-key.
But it has been reported that the bill for the wedding actually ran into hundreds of thousands of euros, and was paid for by a subsidiary of the Quinn Group — now owned by the Irish |taxpayer.
An attempt was later made by the subsidiary to claim the VAT back from the Irish Revenue, claiming that the wedding was a marketing event for the Slieve Russell Hotel in Ballyconnell, according to the Sunday Independent.
At the time, the Quinn Group owed the Anglo Irish Bank €2.8bn (£2.3bn).
The couple had married in St Mary’s Church outside Belturbet, Co Cavan, followed by what was a much more lavish reception than previously thought at the Slieve Russell, where guests enjoyed vintage wines and champagne.
Sean Quinn accompanied his daughter to the wedding in a vintage Bentley and Rolls Royce.
On Friday, the former billionaire, his son Sean and nephew Peter Darragh Quinn avoided jail for contempt of court after hiding a €500m (£403m) property portfolio from the former Anglo Irish Bank.
Mr Quinn and his son were free to attend a Gaelic football championship game on Sunday in Enniskillen.
They were given a three-week deadline to co-operate with the former Anglo Irish Bank — now Irish Bank Resolution Corporation (IBRC) — or face an indefinite spell in prison.
The men have been warned that they could be imprisoned if they don't co-operate with a series of court orders to unravel complex financial transactions, which put overseas properties worth €500m (£403m) beyond the reach of Anglo Irish Bank.
The High Court in Dublin will reassess the Quinns’ level of co-operation with IBRC at a later date as it pursues more than a dozen lawsuits in Ireland and worldwide to recoup debts.
The Republic’s Director of Corporate Enforcement is also set to probe the Quinns’ activities — and it has the power to bring criminal charges.
Mrs Justice Elizabeth Dunne's damning judgment last week found them to have been blatantly dishonest and deceitful when questioned on the movement of assets.