Quinn contempt hearing adjourned

Published Friday, 19 October 2012
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A contempt hearing in Dublin that could have seen bankrupt billionaire Sean Quinn jailed has been adjourned for two weeks.

Quinn contempt hearing adjourned
Sean Quinn arrives at the High Court in Dublin (© PA)

Mr Quinn, his son Sean Quinn Junior and his nephew Peter Darragh Quinn were due to appear at the city's High Court on Friday.

The three men were previously held in contempt of court of court for hiding millions of Euros in assets from the Irish Banking Resolution Company (IRBC).

In July Quinn junior was jailed for three months, but his father walked free in order to purge the contempt order.

The former tycoon's son walked free from court on Friday following the short hearing.

The IRBC, formerly Anglo Irish Bank, alleges Mr Quinn owes €2.8bn and alleges that Mr Quinn, his son and nephew have not taken any action to retrieve assets.

Barristers for the bank told the court that no attempt had been made by the Quinns to purge their contempt and reinstate assets for the now State-owned lender over the last three months.

Ms Justice Elizabeth Dunne said new evidence before the court over the extent of asset-stripping was disturbing, but she adjourned the case for a Belfast-based legal team to get to grips with the complex case.

A warrant was issued for the arrest Peter Darragh Quinn in July when he failed to turn up in court and he remains at large.

© UTV News
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