A €19M property in Russia was sold by a Sean Quinn family company to another company for about €2,500 in a transaction allegedly "orchestrated" by a son-in-law of the bankrupt businessman, the High Court has been told.
Paul Gallagher, for the former Anglo Irish Bank, suggested to Peter Darragh Quinn, a nephew of Mr Quinn, the sale of the property was orchestrated by Stephen Kelly, husband of Aoife Quinn, a daughter of Mr Quinn, and would only be logical if the purchasing company was connected to the Quinn family.
Peter Quinn said he was not involved in the matter.
Mr Quinn also said, because of the way Anglo had acted towards the Quinn family, they had tried to provide as little information as possible to it about matters related to their international property group.
The contempt proceedings will resume in April or May.
Catholics snub Kennedy wife
A small Massachusetts Catholic college rescinded its invitation to Vicki Kennedy to speak at its graduation ceremony, saying the local bishop objected to honouring the widow of the liberal lion Senator Edward Kennedy.
A spokesman for Worcester Bishop Robert McManus declined to say why exactly he objected to the choice of Mrs Kennedy, a member of the most prominent Catholic family in US politics. Mrs Kennedy said she was "disheartened" by the public rebuke.
Killer soldier's mental review
The lawyer for the US soldier accused of killing 17 Afghan civilians has said the military is planning to conduct a comprehensive mental health evaluation of his client.
John Henry Browne said at a news conference that officials would travel to the military prison at Fort Leavenworth, Kansas, to conduct the assessment of his client, Staff Sgt Robert Bales.
Credit cards in security breach
MasterCard and Visa have been victims of a potential security breach that could put the personal information of millions of credit card holders at risk.
The companies said they were monitoring credit card use and would reissue cards if necessary.