Receivers appointed over the assets of members of businessman Seán Quinn’s family say their living expenses should first be paid from personal accounts but not also from accounts frozen four years ago.
That is because most of the family members concerned are now working for a company run by two of their cousins, while one member, Ciara Quinn, works as an agency nurse, the receivers claim. Mr Quinn Sr was a director of that same company at the time, it is claimed.
The Quinns claim an application to the High Court by receivers to stop them getting any further living expenses from frozen accounts is an attempt to punish them when the only purpose of freezing orders is to prevent the dissipation of assets pending trial.
Mr Justice Brian McGovern yesterday reserved judgment on the application by the receivers, Declan Taite and Sharon Barrett, who were appointed in 2012 by IBRC over assets linked to Quinn companies.
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