Published Tuesday, 26 June 2012
Sean Quinn previously said Anglo Irish Bank will not recover the cash it's owed (© PA)
A Dublin court found Quinn, his son Sean and nephew Peter Darragh went against a High Court order concerning the family's international property portfolio.
The state-owned bank, rebranded the Irish Bank Resolution Corporation (IBRC), claimed the family moved assets to Ukraine and Russia.
IBRC is attempting to retrieve £2.23 billion from the Fermanagh-born businessman, who was once the richest man in Ireland.
Earlier this year, a bankruptcy order in Northern Ireland was overturned and Mr Quinn was declared bankrupt in a Dublin court.
The bank is attempting to recover a £402 million international property portfolio from Mr Quinn to cover the debts created by secret and ill-fated share deals in Anglo.
Mr Quinn, his son and nephew could be facing jail time for the contempt of court order, which also carries a potential punishment of fines and seizure of property.