Quinn family used firm as their 'personal bank' and withdrew €1.95bn, High Court hears

Sean Quinn’s family used the Quinn group as their “personal bank” from which they extracted some €1.95bn to fund their personal lifestyles, property acquisition and significant losses, the High Court has been told.

Sean Quinn’s family used the Quinn group as their “personal bank” from which they extracted some €1.95bn to fund their personal lifestyles, property acquisition and significant losses from investments related to shares in Anglo Irish Bank, the High Court has been told.

The €1m bill for Ciara Quinn’s wedding in 2007 was paid by the Sliabh Russell Hotel Ltd company but that bill was never repaid, Paul Gallagher SC said.