Aoife Quinn has no receipts for €370k spend in 1 year

Aoife Quinn, a daughter of bankrupt businessman Sean Quinn, yesterday told the Commercial Court she spent, in a year, almost all of her €370,000 salary paid by a Russian company into her bank account in Moscow, but she has no receipts.

There was just €6,000 left in her Ocean Bank account in Moscow by July 2012 after she withdrew, by Visa debit card, €376,000 paid into the account from June 2011, including bonuses of 2m roubles (€49,500). Most of the money went to pay legal fees, but she had no invoices or receipts, she said.

She and her sisters Ciara and Colette had voted, as company directors, in meetings lasting “five or 10 minutes” at one of their homes in Dublin on April 27, 2011 to sell shares in four companies in the Quinn international property group (IPG) for a price not less than the companies’ “charted capital”, when she did not know what “charted capital” meant and there were no documents before them.