Quinn ‘asset stripping’ ruling deferred

HIGH Court judge Mr Justice Frank Clarke is to give judgment on Tuesday on whether or not to grant further orders restraining members of Sean Quinn’s family from making changes to their international businesses.

He has heard allegations that Quinn family members and Quinn company interests have been in breach of injunctions he granted Anglo Irish Bank last month restraining the Quinn family and others from asset-stripping their companies abroad.

The Quinns and Quinn Investments Sweden were accused in the High Court of involvement in a conspiracy to put assets in Ukraine, Russia, Sweden, India and Cyprus beyond the reach of Anglo.