Quinns fear receivers could damage legal controls

Sean Quinn's daughter fears that the appointment of receivers to the assets of the Quinn children could damage the family's chances of getting their day in court, despite yesterday having their living expenses granted. She made the comments at a rally in Ballyconnell on Sunday evening at which 4,000 plus people turned up in support of the Quinns. Receivers had been appointed to the assets of the Quinn children before yesterday's (Tuesday, July 31) High Court ruling on the families' living expenses. The court approved the payment of monthly living expenses totalling almost €30,000 to the five Quinns and to three spouses. Their assets, however, have been frozen, following an application by the IBRC, formerly Anglo Irish Bank. The bank has taken legal proceedings against various members of the family of former billionaire Sean Quinn over moves by the family to put assets beyond the reach of the bank, which is owed €455 million on loans advanced for the family's international properties. Speaking at the monster rally in Ballyconnell in support of the Quinns, daughter Colette said she feared the loss of control over financial affairs could hamper the cost of their legal challenge. "We are looking forward to our day in court. We believe we will be vindicated at that time. This week, a receiver has been appointed over the assets of myself, my siblings and my two brothers-in-law. This means that we have lost control of our financial affairs. We do hope that it does not culminate in the loss of our legal affairs. That is a concern of ours. We want our day and we look forward to having our day," she said. At that rally she thanked the crowd for their support and had a special mention for her on-the-run cousin, Peter Darragh, "who has done everything in his power to help us over the past couple of years. I would just like to say, Peter, wherever you are tonight, thank you." Sunday's monster rally included GAA luminaries Mickey Harte and Colm O'Rourke and outspoken priest Fr Brian D'Arcy. On Monday former GAA president and now MEP Sean Kelly lent his support to the Quinns. On August 13 the Quinns will have to return to the High Court to declare all assets and accounts held in Ireland and worldwide.