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Sean Quinn’s Son, Nephew to be Jailed for Court Contempt

July 20 (Bloomberg) -- Sean Quinn junior, the son of the country’s former richest man, Sean Quinn senior, will be jailed for three months after failing to disclose assets in line with a court order, a judge said today.

Peter Quinn, the nephew of Sean Quinn senior, was given the same sentence by Judge Elizabeth Dunne. The threat of punitive sanction was left over Sean Quinn senior by the judge.

Quinn, his son and nephew continued to place assets outside the reach of nationalized IBRC, formerly Anglo Irish Bank Corp., after the court ordered them to stop last year, Judge Dunne found last month. Dunne put aside “punitive” sanctions on June 29 as she made an order for asset disclosure.

A lawyer for the Irish Bank Resolution Corp. said in a Dublin court today that the company isn’t happy with the level of cooperation it has received from the Quinns.

The pair can apply to exit jail if they can show they have purged their contempt. The judge directed police today to bring Peter Quinn before the court after his lawyer said his client was unable to attend court because of illness. Link to Company News:{ANGL LN <Equity> CN <GO>}

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

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