PRODUCT PROFILE

Latest Dublin Prices

Sean Quinn will know his fate tomorrow

Thursday, November 01 16:40:08

Former billionaire businessman, Sean Quinn senior, will find out tomorrow whether he will spend the next few months in Mountjoy Prison.

He will face the music for his contempt of court orders restraining asset stripping from his family's international property group.

Ms Justice Elizabeth Dunne said she will rule tomorrow at 11am on whether to impose a penal sanction on the 66-year-old businessman tomorrow.

She will also be told next week whether IBRC, the former Anglo Irish Bank, wants the businessman's son Sean jnr to take any further steps to reverse the asset-stripping scheme.

Eugene Grant QC, for Mr Quinn, earlier urged the judge not to jail his client whom he described as "broken", "bereft" and "forlorn" as a result of the actions of the bank.

It would be much more productive to monitor and encourage Mr Quinn in working with the bank in its efforts to recover assets, he said.