Tuesday 20 March 2018

Quinns told to prove €2,000 costs per week

Tim Healy

MEMBERS of the Quinn family must now provide receipts as their €2,000 weekly living costs allowance was continued by a High Court judge.

He also continued orders stopping businessman Sean Quinn's children, a nephew and two sons-in-law dealing with assets owned or controlled by them.

The Quinn defendants will be allowed up to €8,000 for living expenses each until the injunction orders return to court on July 24.

Mr Justice Peter Kelly directed this, subject to approval by the former Anglo Irish Bank.

He said he did not accept that people normally needed €2,000 per week for living expenses, but he would allow the €8,000 sum for the coming month because the sides had agreed it.

The defendants are also entitled to legal and perhaps some exceptional domestic expenses subject to formal approval.

Mr Justice Kelly also granted the bank's application to fast-track its action aimed at preventing dissipation of up to €500m of assets in the Quinn family's international property group.

Irish Independent

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