Quinn set to give evidence in High Court01/05/2012 - 10:20:53
Sean Quinn is expected to take to the witness box today as part of High Court proceedings against him.
IBRC, formerly Anglo Irish Bank, claims the bankrupt businessman, his son Sean Quinn Jnr, and nephew Peter Darragh Quinn have acted in breach of a court order.
The bank claims the three Quinn businessmen have breached court injunctions from last summer preventing them from moving assets around.
IBRC is trying to recover loans of €2.8bn from the Quinns.
Peter Darragh Quinn admitted there was a plan to put property assets in places like Russia and Ukraine beyond the reach of the bank – but he insisted this was before the court orders were in place.
However, the bank alleges he and Sean Quinn senior backdated certain deals so it would appear the transactions occurred before the injunctions took effect.
The case will resume today with Sean Quinn expected as the next witness.
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