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Sean Quinn Jr loses contempt of court appeal Sean Quinn Jr loses appeal over jailing for contempt
(35 minutes later)
Sean Quinn Jnr has lost his appeal against his conviction and imprisonment for contempt of court. Sean Quinn Jr has lost his appeal against his conviction and imprisonment for contempt of court.
He was jailed in July for breaching orders aimed at stopping him interfering with Quinn International Property Group assets.He was jailed in July for breaching orders aimed at stopping him interfering with Quinn International Property Group assets.
A judge had ruled he was in contempt for putting millions of pounds worth of international property beyond the former Anglo Irish Bank's reach. But on Wednesday the Supreme Court found he should not have been jailed indefinitely.
That means he could be freed on Friday unless another court order is produced by the former Anglo-Irish Bank.
Mr Quinn is the son of Ireland's former richest man, Sean Quinn sr.Mr Quinn is the son of Ireland's former richest man, Sean Quinn sr.
In July, Mr Quinn jr, along with his father and cousin Peter Darragh Quinn, were all found to be in contempt for putting millions of pounds worth of international property beyond the former Anglo Irish Bank's reach.
Sean Quinn sr was not given a jail sentence while Peter Darragh Quinn did not turn up in court for sentencing and remains in Northern Ireland.
Property assets
Sean Quinn jr was jailed for an initial three month period which could have been extended if he failed to comply with court orders.
The Anglo Irish bank was bailed out by Irish taxpayers and is now controlled by the Irish Bank Resolution Corporation (IBRC).
The IBRC claims the Quinns owe it about £2bn and is trying to recover the money from their property assets on behalf of Irish taxpayers.
The Quinns have admitted moving assets beyond the reach of IBRC, but claim they took no action after a High Court injunction issued on 27 June 2011 ordering them to stop.
At the height of his success, Mr Quinn, from Fermanagh, was the 12th richest man in the UK. The family controlled businesses worth billions of pounds and employed thousands of people.