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Quinn outside the court today
Quinn outside the court today
Image: Laura Hutton/Photocall Ireland

Seán Quinn: 'I made big mistakes'

The former developer said he had made wrong decisions along with “thousands of other people”, as he was pursued in court over alleged debts.
Dec 20th 2011, 8:48 PM 4,888 94

SEÁN QUINN HAS acknowledged that he “made big mistakes” during the boom years which contributed to his current troubles.

Quinn was speaking outside Belfast High Court during a bankruptcy hearing today. He told RTÉ’s Six One News: “I accept that I made big mistakes”, adding:

I was wrong and thousands of other people were wrong too.

His words came at the close of a challenge to his bankruptcy declaration by IBRC, the bank formerly known as Anglo. UTV reports that IBRC is seeking to overturn his bankruptcy as it pursues debt it says it is owed.

Last month, the Commercial Court in Dublin ordered Quinn to pay IBRC more than €1.6billion.

The court heard today that in its pursuit of the alleged debt, IBRC had gone to the lengths of putting a factory under surveillance after it heard Quinn was planning to start a new company there.

The BBC reports that Quinn and several other staff were seen at the disused tyre factory.

More: Seán Quinn ordered to repay €1.6 billion>

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Michael Freeman

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