Bank does not believe Quinns’ assets are gone

The former Anglo Irish Bank has told the Supreme Court it does not accept claims by the family of bankrupt businessman Seán Quinn that more than €430m assets in their international property group are gone and cannot be recovered by the bank.

Bank does not believe Quinns’ assets are gone

It was “extraordinary” that Seán Quinn Jr, in his appeal seeking release from jail, was saying he could not reverse asset-stripping steps when new evidence salvaged from a damaged computer in Russia showed the Quinns had control of IPG companies, Paul Gallagher SC, for Irish Bank Resolution Corporation, formerly Anglo, said.

The undisputed evidence was, to remove monies from the IPG companies, the Quinns engaged in a “deliberate and complex fraud” of those companies which continued after court orders restraining asset-stripping were made in summer 2011, he said.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited