Quinn family want to cross examine IBRC liquidator

THE Commercial Court will hear an application next January by members of bankrupt businessman Sean Quinn's family to cross-examine Irish Bank Resolution Corporation (IBRC) special liquidator Kieran Wallace over claims they may be hiding up to €500m undisclosed assets from the bank.

• SHARE

IBRC and Mr Wallace are opposing the application.

The Quinns say those claims in an affidavit from Mr Wallace, and based on information from unidentified informants, are "scurrilous lies".

Despite orders obtained by IBRC from the London and US courts for disclosure of documents, nothing has been obtained to support the allegations, they also say.

Charlotte Simpson BL, for the Quinns, told Mr Justice Brian McGovern today her side were asking the court for leave to cross examine Mr Wallace.

Paul Gallagher SC, for IBRC and Mr Wallace, said the application is based on an affidavit from Niall McPartland, Sean Quinn senior's son-in-law, who claims, among a number of matters, that the Quinn family want to cross-examine Mr Wallace to find the purpose behind his affidavit. 

They also want to know the rationale behind IBRC "informing various media outlets" last May about the bank's application to the court (in which the allegations of undisclosed assets were made) on an ex-parte basis without the Quinns being informed, counsel said.

Mr Gallagher said what was being sought was not related to any issue in the proceedings and it was "a novel application".

Mr Justice McGovern said he would hear the application for leave to cross-examine Mr Wallace in late January.