Sunday 22 October 2017

Quinn family claims are simply incredible, judge says

Five of Sean Quinn Snr's children are at centre of the hearing.
Five of Sean Quinn Snr's children are at centre of the hearing.
Brenda Quinn, youngest daughter of Sean Quinn

Tim Healy

CLAIMS by several members of Sean Quinn's family that they cannot produce documents concerning their alleged contracts of employment with Russian companies are "simply incredible", a judge said.

Mr Justice Peter Kelly said they were paid "very large" sums totalling almost €2m in a "very strange way".

He made the remarks in a High Court judgment finding the five Quinn children and three of their spouses made "sub-standard" disclosure of several categories of documents and other material sought by Irish Bank Resolution Corporation (IBRC).

IBRC, formerly Anglo, is taking legal action alleging a conspiracy to strip assets from the Quinns' international property group (IPG) and put them beyond its reach.

The full hearing has been parked, pending criminal proceedings against various former executives of Anglo.

Mr Justice Kelly directed the defendants – except Brenda Quinn, who was not employed by any IPG company – to make fuller and better disclosure of all documents concerning their "highly lucrative" contracts with IPG companies.

He refused to make further disclosure orders sought by IBRC, including a sworn explanation of the relationship between the defendants, their former solicitors Eversheds, a Middle Eastern law firm, Senat Legal, another Senat company, Senat FZC, and its principal Michael Waechter.

In his decision, he found "very large sums" were paid in a "very strange" way to Aoife, Colette, Ciara and Sean Quinn Jnr, plus their spouses Niall McPartland, Stephen Kelly and Karen Woods, for work allegedly done by them for Russian firms.

The monies were transferred by IPG companies into an Ocean Bank account in Moscow and the relevant defendants held Visa debit cars from that bank which they used to withdraw cash here.

RECORDS

Sometimes this involved lengthy periods of time spent extracting cash from an ATM. In Aoife Quinn's case, her affidavit did not disclose that she had received €370,000, the use of the debit card or how she spent the money.

Given "unsatisfactory" evidence about accounts held by the defendants, the judge directed them to make full and proper disclosure concerning all bank accounts held by them since April 2011.

All defendants must disclose documents related to ownership of several Quinn companies and must also list all relevant documents which they once had and had deleted. They must also explain why those deletions were carried out.

Irish Independent

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