Quinn evidence to resume after tears at takeover hearing

Bankrupt businessman Sean Quinn is to resume giving evidence in the High Court this morning.

The one-time billionaire is fighting a contempt action by the former Anglo Irish Bank that could lead to his imprisonment.

Sean Quinn fought back tears in court yesterday evening as he described IBRC's takeover of the Quinn group.

He said it was "underhand" and that management at Derrylin were "treated like dogs".

He said he was very angry and upset and signed documents in April last year to move multi-million euro assets beyond the reach of Anglo which is chasing Quinn debts of over €2bn.

The bankrupt businessman denies as "totally untrue" allegations that he breached court orders from last summer restraining the Quinns from stripping assets from their International Property Group.

His evidence will resume this morning.