Tag Archives: court

 

BANKRUPT businessman Seán Quinn, his son Seán and nephew Peter Darragh Quinn could face jail after being found guilty of contempt of court orders restraining them putting assets worth tens of millions of euro in their international property group beyond the reach of the former Anglo Irish Bank.
All three engaged in a “complex, complicated and no doubt costly” series of steps designed to put assets beyond the reach of the bank, in “a blatant, dishonest and deceitful manner”, Ms Justice Elizabeth Dunne said, and she was satisfied beyond reasonable doubt they were guilty of contempt.
The judge will rule on Friday what sanctions should be imposed after hearing from both sides but indicated, given her findings, she would find it “very difficult” not to include a “punitive” element.

‘Blatant, dishonest and deceitful’ (Irish Times)

(Photocall Ireland)

So, what is rosy-cheeked lifestyle guru and alleged svengali Tony ‘Educo’ Quinn, up to these days?

Well he’s currently commuting (by private jet) from his home in the Bahamas to court in the British Virgin Islands where he’s facing allegations of mismanagement by Sheila McCaffrey – a former director of his oil exploration company International Natural Energy.

INE has discovered extensive reserves of oil in Belize but has never paid a dividend to investors. Three of the individual directors and 74 of the 82 original investors were Irish and all had attended Mr Quinn’s mind power seminars. Those who founded the company have since fallen out and a succession of court actions has ensued, including Ms McCaffrey’s.

They looked into his eyes. Not around the eyes. Into the eyes.

Rookie mistake.

Tony Quinn in court row over oil firm millions (Irish Times)

(Photocall Ireland)

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

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