Quinn withdrew €340k from ATMs

A daughter of bankrupt businessman Sean Quinn withdrew almost €340,000 in cash from ATMs over a year from her Russian bank account, with most of it going to pay legal fees.

However, Ciara Quinn has no invoices from lawyers and no documents showing how she spent €340,000 paid into her bank account in Moscow under her employment contract with Russian companies between Jul 2011 and Aug 2012.

Ms Quinn was also asked about an “extraordinary” series of withdrawals totalling €5,000 from her Ocean Bank account in Moscow, made via ATMs in Blanchardstown, Dublin, in less than 20 minutes on May 25, 2012.

Shane Murphy, counsel for Irish Bank Resolution Corporation, asked about the purpose of withdrawals of €500 each at 4.08pm, 4.10pm, and 4.11pm; withdrawals of €600 each at 4.18pm and 4.19pm; €1,500 at 4.24pm; and €800 at 4.27pm.

Hugh Hartnett, counsel for the Quinns, objected that such questions strayed into issues to be addressed in the full hearing of the legal action by IBRC, formerly Anglo Irish Bank, against various Quinn family members and others alleging stripping of assets from the Quinns international property group (IPG).

Ms Quinn said she was concerned about answering some questions.

Mr Murphy yesterday cross-examined Ciara and Brenda Quinn about claims that they and other Quinn family members have not fully disclosed all information relating to their assets, accounts and involvement with companies in the IPG. The Quinns insist they have disclosed all relevant documents available to them.

Ciara Quinn said she had no copies of her Russian contract and there was nothing unusual or sinister about that as she had never, in her work as a nurse or with Quinn Insurance, had copies of contracts.

She agreed an affidavit sworn by her in Aug 2012 referred to funds of €116,011 held on account with her former lawyers Eversheds; funds of €163,437 held by Senat Legal, based in Dubai, and also noted funds were being transferred from Senat to Eversheds to pay court fees. She believed those figures were provided by Eversheds.