Asset stripping claims made at Quinn hearing

Further details of the alleged asset stripping by the Quinn family have been spelled out before a judge who is deciding if he will continue to allow them each draw down an allowance of €2,000 a week.

Mr Justice Peter Kelly has said he needs more information from the Quinn children, their spouses and cousin, as he deliberates on whether to extend a freeze on the family’s assets and whether to appoint a receiver to a number of associated companies.

The High Court was told by the Irish Bank Resolution Corporation (IBRC) that members of the Quinn family had been paid €2.8m last year, after tax, through a Russian company, IPG.