CONTEMPT OF court proceedings have been initiated against the bankrupt businessman Seán Quinn, his son Seán Quinn jnr, and his nephew, Peter Darragh Quinn.
The Irish Bank Resolution Corporation, formerly Anglo Irish Bank, yesterday filed a motion in the High Court seeking to have the three found in contempt of court for breaches of an injunction preventing them from moving certain assets.
The injunction was issued in July last year by Mr Justice Frank Clarke.
Persons found to be in contempt of court can have their property seized or be committed to prison.
Allegations rejected, position to be defended vigorously, vast €500m foreign property portfolio increasingly unlikely to form part of the kids. inheritance, yadda, yadda.
Man, this popcorn is going stale.
Anglo takes contempt of court action against Quinns
