Quinns were paid ‘large sums in very strange way’

A High Court judge has said it is “incredible” to accept claims by members of Seán Quinn’s family they cannot produce documents concerning alleged contracts of employment with Russian companies from which they were paid “very large” sums totalling almost €2m in a “very strange way”.

Mr Justice Peter Kelly made the remarks in a judgment yesterday finding the five Quinn children and three of their spouses made “substandard” disclosure of documents and other material sought by IBRC for its action alleging a conspiracy to strip assets from the Quinns’ international property group (IPG) and put them beyond its reach.

The full hearing has been parked pending criminal proceedings against various former executives of Anglo.