An Irish company owned by a trust set up for the grandchildren of bankrupt businessman Seán Quinn was paid $650,000 last year by a Ukrainian company which is part of the international property group the State-owned Irish Bank Resolution Corporation wants to seize.
The money was paid into an AIB account in Blanchardstown, Dublin. The payments were made on foot of a contract agreed prior to the High Court ordering the Quinn family to stop asset-stripping the property group.
A second Irish company, owned by the wider Quinn family, was also paid substantial amounts in 2011.
