Belfast Telegraph

Sean Quinn jnr likely to stay in prison until October

By Tim Healy

The son of bankrupt businessman Sean Quinn looks likely to remain in prison until at least October — unless he purges his contempt.

Sean Quinn jnr's appeal over his three-month sentence for “outrageous” contempt of court will be heard by the Dublin Supreme Court.

But unless the Republic’s High Court finds he has purged his contempt before the appeal hearing, it now appears he will remain in prison until early October.

A warrant remains unexecuted for his cousin, Peter Darragh Quinn, who did not attend a High Court hearing in Dublin last Friday where orders were made jailing both men.

The jailing orders were made by Ms Justice Elizabeth Dunne following her finding that Sean jnr, his father and Peter Darragh Quinn failed to adequately comply with a series of coercive orders made by her aimed at unwinding the scheme to strip assets valued at up to €500m (£392m) from the Quinn family's international property group.

She indicated she was sending Sean Quinn jnr and Peter Darragh Quinn to jail for three months but, if the coercive orders were still not complied with, they could remain there indefinitely.

At the Supreme Court yesterday Ms Justice Susan Denham said the court would hear|Quinn jnr’s appeal in early October. No exact date has been given.

Fermanagh businessman Sean Quinn snr was not jailed because the judge wanted him to be available to assist IBRC, formerly known as Anglo Irish Bank.

Also yesterday, in the Irish High Court, Mr Justice Michael Moriarty made directions for the discovery of documents for the Commercial Court action by Mrs Patricia Quinn and her five children.

They claim they are not liable for some €2.35bn (£1.84bn) of the loans made to Quinn companies due to alleged illegal conduct by the bank in advancing those loans to support its share price.

The IBRC denies those claims and the action has been returned for further mention in October.

Belfast Telegraph

Popular

From Belfast Telegraph