Quinns involved in assets conspiracy, Anglo claims

MEMBERS of Sean Quinn’s family and Quinn Investments Sweden were accused in the High Court yesterday of involvement in a sinister conspiracy to put assets in Ukraine, Russia, Sweden, India and Cyprus beyond the reach of Anglo Irish Bank.

Brian Murray SC, for Anglo, told Mr Justice Frank Clarke that Quinn family members and Quinn company interests were in breach of injunctions the judge granted the bank last month restraining the Quinns and others from asset-stripping their companies abroad.

Anglo’s head of corporate projects, Richard Woodhouse, told the court matters had come to light that had not previously been disclosed by Sean Quinn, his daughters Ciara, Colette, Brenda and Aoife, his son Sean, his nephew Peter and sons-in-law Stephen Kelly and Niall McPartland, and Quinn Investments Sweden and Indian Trust. “The lack of candour demonstrates the defendants’ attitude and the covert nature of the scheme they are pursuing,” Mr Woodhouse said.