Jail threat still stands over Quinns

BANKRUPT businessman Seán Quinn, his son Seán, and nephew Peter have been given three weeks by a High Court judge to comply with orders aimed at reversing a “conspiracy” to move assets in the Quinn international property group beyond the reach of the former Anglo Irish Bank.

But the threat of jail still stands over the one-time business supremo, his son and nephew as Ms Justice Elizabeth Dunne yesterday indicated she will consider punitive measures if they fail to follow the court orders.

The judge, who last Tuesday found the three guilty of contempt of court orders restraining the stripping of multimillion assets in the international property group, warned she would “not sit idly by” and allow the court’s orders be breached via an “impermissible” asset-stripping conspiracy. She would not disagree with the bank’s description of the contempt as “flagrant” and was disappointed there was no acknowledgment by the three, “even at this stage”, of the “great wrongdoing” involved.