herald

Monday 22 December 2014

Quinns are ordered to hand over private data to receiver

FAMILY members of jailed bankrupt businessman Sean Quinn have been ordered to provide a receiver with personal data in a bid to get information related to their financial and tax affairs.

It also emerged at the Commercial Court there will be no application to have former Anglo Irish Bank chairman Sean Fitzpatrick or former Anglo executives Pat Whelan and Willie McAteer give evidence in the Quinn family's action disputing their liability for some €2.34bn loans advanced to Quinn companies.

Mr Justice Peter Kelly ruled Declan Taite, appointed receiver over the personal assets of various Quinn family members at the request of Irish Bank Resolution Corporation (IBRC), is entitled to the passwords, computers, phones and other material relating to the Quinns' assets so as to elicit information dating from June 27, 2009.

Stripping

That was the date proceedings were brought by IBRC, formerly Anglo, aimed at restraining stripping of assets worth up to US$430m (?338m) from the Quinn family's international property group (IPG).

The receiver was entitled to the orders on grounds including admitted asset-stripping, findings of contempt against three members of the Quinn family over a "mesmerisingly complex" asset-stripping scheme continued after court orders were made, the judge said.

The orders apply to the five Quinn children -- Aoife, Brenda, Ciara, Colette and Sean Jnr; three of their spouses -- Mr McPartland, Stephen Kelly and Karen Woods -- and Peter Darragh Quinn, a nephew of Sean Quinn Snr.

After Aoife Quinn told the judge she was very concerned personal documents would be available generally within the receiver's firm, the judge stressed the information must only be seen by the receiver and a named solicitor.

hnews@herald.ie

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