Belfast Telegraph

Quinn family promised Russian 'danger money'

By Tim Healy

Members of Sean Quinn's family stood to receive payments of up to €7.5m (£6m) if they were injured or if there was "an assassination attempt" on them while they were employed with Russian companies, the Supreme Court in Dublin has been told.

The court heard that members of the family travelled to Moscow to sign employment contracts with Russian companies and these entitled them to "huge" payments of up to €36m (£28.9m) each if the contracts were terminated.

The trip was just days after the Irish High Court had made orders restraining the stripping of assets from those and other companies, the five-judge court was told.

Lawyers for the former Anglo Irish Bank said it had recently obtained details of the contracts in emails retrieved from a "deliberately smashed" computer in premises of one of the Russian companies.

Arrangements to sign the contracts were made days before and on the eve of a July 20, 2011 High Court application by the IBRC (formerly Anglo) for orders restraining the stripping of assets worth up to €330m (£265m) from companies in the family's property group. Other emails showed Sean Quinn Jnr dealing with Russian companies earlier this year, after the Quinns had told the High Court in Dublin that they had lost control of those companies, Paul Gallagher SC, for IBRC said yesterday.

The emails showed that the Quinns had given "utterly false" evidence in contempt proceedings about not being in control of the Russian companies, counsel said. The court heard these matters should persuade it to uphold a High Court finding that Sean Quinn Jnr was lawfully jailed for contempt of orders restraining the stripping of assets so as to place them beyond the reach of IBRC, he said.