Quinns escape jail in contempt case

Bankrupt ex-billionaire Sean Quinn, his son Sean and nephew Peter Darragh Quinn have avoided jail for contempt of court after hiding a €500m property portfolio from the former Anglo-Irish Bank.

The High Court in Dublin will reassess the Quinns level of co-operation with the rebranded zombie bank at a later date as it pursues more than a dozen other lawsuits in Ireland and worldwide to recoup debts.