Sean Quinn fails to lift bank freeze

Published Tuesday, 06 August 2013
Comments
Toggle font size
Print

Bankrupt former billionaire Sean Quinn has lost an application to lift orders freezing his family's accounts below €50m.

Sean Quinn fails to lift bank freeze
Former business tycoon Sean Quinn. (© Pacemaker)

A ruling was made in favour of liquidators for the former Anglo Irish Bank at the High Court in Dublin on Tuesday.

Judge Michael Peart dismissed the Quinn's bid to lift the orders - which had been granted to the Irish Bank Resolution Corporation (IBRC) in 2012 - and which restrained the family from dealing with assets of a number of Quinn companies.

He was satisfied that the "balance of convenience" remains in favour of keeping the orders.

However the judge did direct that the bank lodge €5m as security against the damages claim by the family, if the bank loses.

© UTV News
Comments Comments
1 Comments
Steve in Belfast in Ireland. wrote (392 days ago):
More news from our Capital. Well done UTV for keeping us up to date on what's happening in our islands Capital. I will be travelling to the city next weekend, i hear the bus strike is finished. Some good news for me and our Capital.
POST A COMMENT:
Name:  
Email address*:    
Location:  
Validation:
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]
MOST POPULAR GALLERIES
Tributes to Gerry Anderson
Thu 21 August 2014
Strangford rescue
Mon 11 August 2014
East Belfast trouble (26/08/14)
Wed 27 August 2014