Quinn son-in-law ‘transferred €19m Russian property for €2,500’

A €19m property in Russia was sold by a Sean Quinn family company to another for about €2,500 in a transaction allegedly “orchestrated” by a son-in-law of the businessman, the High Court was told yesterday.

Paul Gallagher SC, for the former Anglo Irish Bank, suggested to Peter Darragh Quinn, Sean Quinn’s, that the sale of the property was orchestrated by Stephen Kelly, husband of Sean Quinn’s daughter Aoife, and it would only be logical if the purchasing company was connected to the Quinns.

Peter Quinn said he was not involved in the matter, and added there was no logical or commercial sense involved.