Ruling later in Quinn action

A judge will rule later on an application by members of the family of businessman Sean Quinn for orders permitting them cross-examine Irish Bank Resolution Corporation special liquidator Kieran Wallace regarding claims they may be hiding up to €500m undisclosed assets from the bank.

The Quinns claim Mr Wallace made serious and prejudicial comments in an affidavit, based on claims from unidentified informants, presented in a “peculiar and improper manner” before the Commercial Court last May. The bank had gone on a “wild goose chase”, they contend.

IBRC opposed their application to cross-examine Mr Wallace as “unreal” in a context where, the bank argued, there was evidence of a scheme to strip substantial assets from the family’s international property group.