Quinns’ Russian accounts provided

The son of bankrupt businessman Seán Quinn has provided statements of Russian bank accounts held by himself and other family members to the IBRC and is anxious to finally purge his contempt of court orders, the High Court heard yesterday.

Martin Hayden, for Seán Quinn Jr, said he and his wife Karen Woods, both of Alder Lodge, Farmleigh Woods, Castleknock, Co Dublin, are very stressed by the court proceedings and Mr Quinn is very anxious the contempt issues are fully resolved as soon as possible and intend to make an application in that regard.

A number of steps had been taken but his clients wanted to keep certain issues private, he said.

Ms Justice Elizabeth Dunne said she understood the need to balance both the concerns of Mr Quinn and IBRC and noted that the bank wanted an opportunity to examine the documents provided by Mr Quinn in purported compliance with the court’s orders.

The overall issue of a payment of $500,000 (€385,000) to Larissa Puga, the former general director of Quinn Properties Ukraine, remained to be resolved, she said.

Mr Quinn was found in contempt of court arising from that Puga payment and was jailed for three months.

His father also served a period in jail for contempt and the judge heard yesterday Mr Quinn Sr had indicated he would abide by whatever orders the court made in the matter but had concerns over some proposals advanced by the bank.

There was no appearance by Peter Darragh Quinn, a nephew of Mr Quinn, who was also found in contempt. An order for his arrest to serve a three-month sentence has not been effected because he remains outside the jurisdiction at his home in Northern Ireland.

Having heard from the sides, the judge adjourned the matter for mention only on Apr 11 and said both sides could file sworn statements in the matter.