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Daddy Quinn says his Jailing was Wrong
Quinn said he received a positive reaction from fellow prisoners.
“One hundred percent of them felt I shouldn’t be there, I certainly felt I shouldn’t be there, after creating 7,000 jobs, after never in my life did I owe anyone a penny, never in my life did I steal a penny that didn’t belong to me, I felt it was just wrong.”
Some points for Daddy Q to consider
One hundred percent of inmates agree with Quinn… Oh well Talk about ‘being thick as thieves’.
In fairness Daddy Q never took penny – It was always Euros.
Therefore, he is not lying about that.
.
Mr Quinn went on to say that, his jailing was wrong and repeated his claim that he has done everything in his power to purge his contempt of court.
Moreover, he felt it was wrong for the judge to imprison “Him” with people who had murdered people and committed horrendous crimes.
What he is saying is
I really do not give a fiddler’s fart if the truth needs massaging a bit along the way so be it. I am too good to be locked up with the likes of them.
Rich coming from a man whose exploits with Anglo and Quinn, insurance has cost you and me hard-earned money.
In reality, what daddy is doing is giving you Johnnie Citizen the fingers – If I can’t have my business you JC can pay off the money owed.
This is galling as we the citizens will be lumbered with Quinn debt for at least the next fifteen to twenty years.
IBRC will pay €155m to Russian firm to help secure Quinn assets
THE STATE-OWNED Irish Bank Resolution Corporation (IBRC) is to get the help of one of Russia’s largest business groups to try and recover Quinn property put beyond its reach.
Under the deal, the investment arm of the Alfa Group, A1, will keep up to $200 million (€155 million) of property formerly owned by the family of Seán Quinn and now held by other Russian interests and offshore firms, in return for helping to recover property.
The move by the IBRC comes as the former billionaire, Seán Quinn (66), is starting a nine-week sentence in Mountjoy Jail for contempt of court. It was approved by Minister for Finance Michael Noonan and is linked to the bank’s view that such a deal is the only option left open to it given the stance being adopted by the Quinn family.
IBRC has been trying for more than a year to seize an international property group worth up to $500 million and over which it says it has legal security linked to loans to the Quinns. The family has told the High Court that it set in train a scheme to put the assets beyond the bank’s reach but that it is now no longer in control of the asset-stripping scheme and cannot retrieve the assets. The bank says it does not believe the family.
Mr Quinn was jailed yesterday for nine weeks by Ms Justice Elizabeth Dunne as punishment for an “outrageous” contempt of court in relation to persisting with the asset-stripping after being ordered last year to desist. She referred to Mr Quinn’s statement in an affidavit that his dispute with IBRC had “negatively consumed” his life and that of his family. “In my view, he has only himself to blame.”
She said Mr Quinn’s contempt was a serious one and that it was important that court orders were complied with and the integrity of the court system was “not set at naught”.
The family is disputing the legality of the security, which, it claims, is linked to loans issued by Anglo as part of an effort to shore up its share price. Its claim has not yet been heard by the courts.
However, members of the family have admitted they initiated a scheme to put the secured assets beyond the reach of the bank.
Mr Quinn will be moved today to the semi-open training unit in Mountjoy, having spent last night in the committal unit. His son, Seán jnr, has already served a three-month sentence for contempt in Mountjoy.
In an extraordinary day in the High Court Mr Quinn was sentenced, but offered the opportunity to have the sentence stayed pending an appeal. The court rose to allow him consult with his legal team, which he did before going to the bar in the Four Courts to drink a pint in the company of supporters.
When he returned to court it was announced that he wanted to start his sentence forthwith. When he knew a decision had been made, he liked to get on with it, he told reporters, before being led away by a uniformed garda.
The former billionaire, who is now a bankrupt, looked tearful after a female supporter gave him a hug as he was exiting the courtroom.
In July IBRC succeeded in having an administrator appointed to a valuable property in Moscow, but last month that gain was reversed by the Russian courts.
The bank has now decided to do a deal with one of the largest privately owned conglomerates in Russia, the Alfa Group, as it believes its chances of recovering valuable property in Russia and the Ukraine are poor without the involvement of an experienced local partner.
Taoiseach Enda Kenny would not comment directly on the sentencing of Mr Quinn, though he said it behoved every citizen to co-operate with bank inquiries. The North’s Deputy First Minister Martin McGuinness said he couldn’t comment on a court the case “other than to say that I think that the banks have an awful lot to answer for”.
High Court sentences Sean Quinn snr to 9 weeks in jail –
Sean Quinn, once Ireland’s richest man but now bankrupt, is beginning a nine-week jail sentence this afternoon.
Mr Quinn has decided to begin the term imposed on him now despite the fact he is to appeal to the Supreme Court against findings he acted in outrageous contempt of court orders, his lawyer said.
Having been given time to consider the matter, Eugene Grant QC, for Mr Quinn, said his client wanted to begin his jail term now as, while he was maintaining his appeal, he was also conscious of the Supreme Court’s recent decision dismissing his son’s finding against a three month sentence for contempt.
Counsel said Mr Quinn was a 66-year-old grandfather and was anxious to attend a grandchild’s christening on December 22nd next but was not eligible for remission as this was a sentence for contempt. He asked that the court agree to release him for that event.
Miss Justice Elizabeth Dunne said an application for compassionate release would have to be made to the prison authorities.
Miss Justice Dunne earlier said Mr Quinn’s contempt was so serious that she could come to no other conclusion that it mandated a term of imprisonment.
She could not ignore the extent and degree of contempt by Mr Quinn and, taking all various matters into account, including his health problems, she would impose a nine-week term.
While Mr Quinn had spoken about how the court proceedings had negatively consumed his life and that of his family, she said: “In my view, he has only himself to blame.”
It was not disputed significant assets had been put beyond the reach of IBRC, the former Anglo Irish Bank, and the position of the Quinn defendants appeared to be they were so successful in that regard, they themselves could not retrieve the assets, the judge said. However, she did not have to decide that issue now.
The situation was IBRC claimed it was owed €2.8 billion by the Quinns and, while there was dispute about that, it was accepted €455 million was owed.
The judge had said she was imposing a nine-week term but the issue of whether there would be a serious dispute about that, it was accepted the Quinns owed €455 million to the bank, she said. Putting assets beyond the reach of the bank in defiance of the court’s orders was, as she had previously found, “nothing short of outrageous”.
It was important to ensure court orders were complied with and the integrity of the court system was not set at naught by “an egregious breach of court orders”.
A stay on the nine-week term pending an appeal against the findings of contempt was adjourned earlier today after Mr Quinn’s lawyer said he wanted time to consider whether to go to jail immediately or proceed with the appeal.
Shane Murphy SC, for IBRC, had said it would agree to a stay provided Mr Quinn’s lawyers progressed any appeal urgently.
However, at 12.50 today, Mr Grant said his client would begin his term now while maintaining the appeal.
In her decision today, the judge referred to her previous findings of contempt against Mr Quinn and her rejection of his evidence in the contempt hearing as not credible, evasive and uncooperative. She had also found he had given his imprimatur to the asset-stripping scheme.
She stressed the only issue she was dealing with today was the punitive aspect of the case as coercive matters have been adjourned. She was dealing with punitive issues arising from past non-compliance with court orders.
The judge delivered her ruling in a courtroom packed with lawyers, journalists and supporters of Mr Quinn. Mr Quinn’s son Sean and sons in law Niall McPartland and Stephen Kelly were also in court.
IBRC was represented in court today by its chief executive Mike Aynsley and senior executive Richard Woodhouse.
Mr Quinn was jailed arising from the judge’s findings last June that acted in contempt of court orders made in June and July 2011 restraining stripping of assets valued up to US$430 million from companies in the IPG.
Mr Quinn told reporters following the sentence that he just wanted to get on with the sentence. He intends to appeal the ruling to the Supreme Court.
via High Court sentences Sean Quinn snr to 9 weeks in jail – The Irish Times – Fri, Nov 02, 2012.
via High Court sentences Sean Quinn snr to 9 weeks in jail – The Irish Times – Fri, Nov 02, 2012.
U-turn as Sean Quinn Snr says he will now help Anglo over €500m property portfolio – Irish, Business – Independent.ie
BANKRUPT businessman Sean Quinn wants to purge his contempt and is willing to co-operate with the former Anglo Irish Bank, the High Court was told.
This morning the former billionaire was due to be sentenced at the High Court for breaking court orders not to interfere with up to €500m worth of properties in the family’s international property group (IPG).
But the hearing was adjourned for two weeks after the IBRC (the former Anglo Irish Bank), said “significant new material” had emerged which required consideration by the courts.
New lawyers for Ireland’s former richest man said that the 66-year-old, who has had two major heart operations, wants to purge his contempt and co-operate with the IBRC.
Mr Quinn, who recently parted with his Dublin legal team, was represented in court today by Belfast human rights law firm, Kevin R Winters, led by Eugene Grant QC.
Mr Grant told the High Court that the new legal team had only been instructed this week and requested time to consider the history of the case and the new evidence submitted by the IBRC.
“My instructions since Tuesday and Wednesday are that since the adjournment of the punitive element there has been co-operation [by Mr Quinn Snr],” said Mr Grant.
Mr Grant said that Sean Quinn Snr, Sean Quinn Jnr and Peter Darragh Quinn had written to the IBRC to explore the potential for mediation with the IBRC.
Mr Grant said that Mr Quinn is now 66 and has had two serious heart operation
He wants to co-operate and purge his contempt,” said Mr Grant who is now also representing Sean Quinn Jnr who has just completed a three-month sentence for contempt of court.
Mr Quinn Jnr, dressed in jeans and a jumper, apologised for his clothing in court – he had just been brought from Mountjoy Prison this morning and had expected to be released last night.
The IBRC consented to a brief adjournment – it wants to consider reasons due to be given by the Supreme Court in Sean Quinn Jnr’s appeal – but the bank said that court orders were not a matter for mediation.
The written judgment is due to be released on Wednesday.
Senior Counsel Paul Gallagher, for the IBRC, said that the new material has unmasked “a very, very disturbing situation” which included:
– The deliberate and “cynical” backdating of employment contracts which contained termination payments of over €30m for members of the Quinn family;
– Continuing breach of court orders and the continuing extraction of monies from the IPG
Mr Gallagher said that Sean Quinn Snr had done “nothing” to reinstate overseas properties to the former Anglo Irish Bank.
Mr Quinn was accompanied in court by his daughter Aoife Quinn and sat beside his son Sean Quinn Jnr.
Other family members who attended the hearing included sons in law Niall McPartland andStephen Kelly as well as Karen Woods, Sean Quinn Jnr’s wife.
High Court Judge Ms Justice Elizabeth Dunne said it was “prudent” to afford time to the Quinns to deal with and contest the new evidence, including new information that a court order freezing a $500,000 payment to a businesswoman in the Ukraine.
The court heard that “significant new evidence” had been obtained as a result of a new bankruptcy receiver being appointed to Finnanstroy – the Russian company that owns the Quinn family’s $180m Kutuzoff Tower in Moscow – the jewel in the crown of the IPG.
The IBRC said that the documents “demonstrated the continuing control” by the Quinn family, of various companies in their IPG.
Seán Quinn Jnr released from prison after case is adjourned for two weeks –
A High Court hearing of contempt proceedings against Séan Quinn Snr and his son has now been adjourned for two weeks.
A new Belfast-based legal team asked the court for more time to prepare a defence for the bankrupt businessman.
Ms Justice Elizabeth Dunne said it was up to the prison authorities to decide on Mr Quinn Jnr’s release time as it was not a matter for the court.
A short time after the hearing, he was released and walked from the Four Courts with his wife and family, having served three months in Mountjoy Prison.
via Seán Quinn Jnr released from prison after case is adjourned for two weeks – RTÉ News.
via Seán Quinn Jnr released from prison after case is adjourned for two weeks – RTÉ News.
Supreme Court asks why Sean Quinn Jnr is complaining about being in jail
THE Supreme Court has queried how the jailed son of bankrupt businessman Sean Quinn can complain about being in prison when he has not purged his contempt.
A five-judge court led by the Chief Justice Mrs Justice Susan Denham, has resumed hearing an appeal by Sean Quinn Jnr, who is serving a three-month jail sentence at Dublin’s Mountjoy Prison.
Mr Quinn Jnr was jailed last July for breaking court orders not to interfere with the family’s €500m international property group (IPG) and his lawyers claim it was wrong to subject him to the prospect of an indefinite spell in prison.
The High Court has kept his father out of jail to force Sean Quinn Snr to comply with orders to reverse asset transfers out of the IPG.
The Supreme Court noted that Mr Quinn Jnr has not yet purged his contempt, despite claims that he was being held in prison as “hostage for the chieftain”.
“How can he complain about being committed to prison?” asked Supreme Court Judge Mr Justice Donal O’Donnell.
Mr Quinn’s lawyers said that there was no precedent before the court to jail a defendant to force the hand of another.
The Supreme Court also heard that no contempt application had been moved against any other member of the Quinn family apart from the tree who have already been found guilty of contempt of court.
Today the former Anglo Irish Bank will ask the Supreme Court to admit fresh material gleaned from a damaged computer in Russia to prove Mr Quinn Jnr was a “key player” – right up until the time he was jailed last July.
The IBRC (formerly Anglo) claims the family of Sean Quinn Snr stood to receive more than €250m in severance fees from Russian companies within their international property group (IPG).
The bank, which moves its case later today, has claimed in court papers that an email of July 25, 2011, copied to Sean Quinn Jnr by his brother-in-law Stephen Kelly had requested that Russian employment contract documents for members of the Quinn family be backdated.