#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 9°C Tuesday 27 October 2020

Sean Quinn admits to making 'conscious' decision to move assets

Quinns are “the best thing that ever happened” to Anglo Irish Bank, says businessman.

Bankrupt ex-billionaire Sean Quinn leaving the High Court in Dublin last month
Bankrupt ex-billionaire Sean Quinn leaving the High Court in Dublin last month
Image: Julien Behal/PA Wire/Press Association Images

THE FERMANAGH BUSINESSMAN Seán Quinn has admitted to making a ‘very conscious decision’ to put assets beyond the reach of the Irish Bank Resolution Corporation, formerly known as Anglo Irish Bank.

Appearing on Shannonside Northern Sound Radio with his daughter Collette, Quinn said still feels his actions were correct.

“I’m not the easiest man to advise. We took it on ourselves to do it and we felt that it was the right thing to do, and we still feel that it was the right thing to have done. Unfortunately, it’s turned out very badly, and unfortunately it’s ended up in prison.”

Calling for an investigation into IBRC’s proceedings against his company, Quinn said that he was never one to run away from trouble or “jump on an aeroplane and head away to some foreign country.”

He said that he thought at the time that his family were retaining their assets and that the IBRC was moving in on those assets illegally. The courts did not agree with that position, he said, but his family were appealing against their decision.

“I think that we’ve been made scapegoats all along and Anglo has used this situation,” he said.

Whereas I believe, that Anglo – this is the best thing ever happened them (sic), because for the past two or three years, prior to the Quinn situation coming up, they were the most hated company in the history of the State.
Now all of a sudden … they are being seen as the good boys by claiming taxpayers’ money back from the Quinn.

Supporters to hold Cavan rally for Quinn family>

About the author:

Read next: