Irish News

Saturday 26 July 2014

Sean Quinn and lawyers meet in jail over fraud probe fear

Dearbhail McDonald and Tim Healy

Published 08/11/2012|05:00

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Eugene Grant: visited Sean Quinn in Mountjoy.

JAILED businessman Sean Quinn has received an urgent visit from his legal team following reports that a complaint may be lodged with gardai alleging fraud by the former billionaire.

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Mr Quinn Snr, who has been jailed for three months for contempt after breaching court orders by interfering with foreign property assets, received a visit from criminal law specialists barrister Eugene Grant QC and solicitor Kevin Winters.

The meeting was convened yesterday following reports that the former Anglo Irish Bank, now known as the Irish Bank Resolution Corporation (IBRC), may lodge complaints with the garda fraud squad.

Compassionate

As a result of his sentence, the former tycoon may miss Christmas with his family and also a family christening. He is expected to apply for compassionate temporary release so he can return home for both events.

Meanwhile, his son, Sean Quinn Jnr, will find out today what he must do to comply with a series of court orders aimed at making him undo a plan to strip assets from the family's international property portfolio.

The portfolio was once valued at €500m, but Finance Minister Michael Noonan has approved a deal between the former Anglo Irish Bank and a Russian assets recovery firm in a bid to retrieve more than €300m worth of assets.

Yesterday, Mr Quinn Jnr, who has already served a three-month jail term for contempt of court, was told he must pay his own legal fees for his failed Supreme Court appeal against his conviction and sentence.

Last month, by a 4-1 majority, the Supreme Court upheld findings of contempt against Mr Quinn Jnr and also upheld the imposition of a three-month jail sentence on him.

However, all five judges found the High Court was not entitled to find he had breached 30 coercive orders aimed at reversing a range of asset-stripping measures when there were no findings he was involved.

Today, the issue of the coercive orders comes back before High Court Judge Ms Justice Elizabeth Dunne, who last week jailed Mr Quinn Snr.

Members of the Quinn family will also find out if they have to hand over personal documentation, including computer hardware, to receiver Declan Taite who has been appointed over all of their assets.

Irish Independent

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