November 2, 2012 / 11:41 AM / 6 years ago

Ireland jails former "Celtic Tiger" Quinn for contempt

DUBLIN (Reuters) - Ireland jailed bankrupt former billionaire Sean Quinn on Friday after he failed to cooperate with an investigation into assets he was hiding abroad.

File photo of a woman cycling through the financial district of Dublin, February 24, 2011. REUTERS/Darren Staples

Quinn, who personified the “Celtic Tiger” boom that once drove Ireland’s now stricken economy, was sentenced to nine weeks in prison at the Dublin high court.

He had been found guilty of contempt of court in June for blocking a state-owned bank from seizing property.

He had been initially spared the indignity of being the first major player jailed in connection with the country’s economic collapse after he was ordered to disclose information regarding around 500 million euros worth of assets from Russia to Belize.

Reporting by Sarah O'Connor, writing by Padraic Halpin; Editing by John Stonestreet

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