Ireland's former richest man faces jail for contempt of court
Sean Quinn turned a rural quarrying operation on his family farm into a global business empire - only to become the subject of the largest ever Irish bankruptcy order four years after becoming the country’s richest man. Photograph: Paul Faith/PA
Tuesday 26 June 2012
Bankrupt Sean Quinn found in contempt for putting assets worth hundreds of millions of euros beyond reach of state bank
Sean Quinn, the bankrupt tycoon who was once Ireland's richest man, could face jail after being found guilty of contempt of court following a "blatant, dishonest and deceitful" move to block a state bank from seizing property worth hundreds of millions of euros.
Quinn, whose €4bn (£3.2bn) business empire collapsed after a disastrous investment in the now-nationalised Anglo Irish Bank, is being pursued by the bank for debts of almost €3bn and now faces a likely prison term along with his son and nephew, who were also found guilty.
If he is jailed, Quinn, 65, would become the first major player in Ireland's economic collapse to be imprisoned.
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Comments
Dark Cabal Ireland
Yes! This Man Desecrated An Ancient Stone Ring Also.
Namate!