The Irish Bank Resolution Corporation claims that had material regarding huge payouts to the Quinn family been before the High Court earlier this year in a hearing to determine if family members breached court orders over asset stripping, it would have had an important influence on the court.

Bankrupt businessman Sean Quinn Sr and his nephew Peter Darragh Quinn were the prime movers of a “deliberate and deceptive” strategy to strip Quinn companies of valuable international property assets so as to put them out of the reach of Anglo Irish Bank, it was claimed in court yesterday.