High Court refuses to lift freeze on Quinn family assets

Family members of bankrupt businessman Seán Quinn have failed in their attempt to lift orders freezing their bank accounts below €50 million.

6th August, 2013
Seán Quinn.

Family members of bankrupt businessman Seán Quinn have failed in their attempt to lift orders freezing their bank accounts below €50 million.

According to Judge Michael Peart, the "balance of convenience" remains in favour of leaving the orders in place, RTÉ reported.

The Irish Bank Resolution Corporation (IBRC) had previously secured the orders against Quinn's five children and three of their spouses, said RTÉ.

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