Quinn ‘put no cash in accounts’

One of Seán Quinn’s daughters has told the Commercial Court she opened four Dubai bank accounts after legal action was initiated to prevent the family stripping multimillion-euro assets in the Quinn’s international property group.

Aoife Quinn said not one cent was ever put into the accounts, which were opened in late 2011 or early 2012, “to have a Dubai bank account”.

She said that each account was opened in four different currencies — euro, sterling, dollars, and the local currency, dirhams.

She also told the court that she received almost €380,000 under employment contracts with three Russian companies which she signed without reading because they were in Russian.

One of those firms was owned by her husband, Stephen Kelly, her cousin Peter Quinn owned another, and she did not know who owned the third. Those contracts ran from Jul 2011 to Jul 2012.

She said she understood she would receive a wage but did not know what work she would have to do or how much she would be paid when she signed the contracts.

She said she never got bank statements from her Moscow account, but did receive text messages confirming transactions.

She said the mobile phone which contained those records had been stolen and that she had no records of the 30% tax which she was paying to Russian authorities.