Quinn withdrew €16k on day of order

Colette Quinn, a daughter of jailed businessman Seán Quinn, withdrew €16,000 from the accounts of a Russian company on the day a court order was sought to freeze the assets of some members of the family below €50m, the Commercial Court was told yesterday.

The withdrawals were made on Jun 14, the day Irish Bank Resolution Corporation applied for orders freezing their accounts, the court heard. Reporting restrictions applied on that application until after the hearing concluded and the making of the orders freezing the accounts below €50m save for living expenses of €2,000 each.

The €16,000 appeared to have been taken out via multiple withdrawals from ATMs in Cavan, said Shane Murphy SC, for IBRC.