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27/07/2012
Bankrupt Sean Quinn 'Scared Of Prison'
Bankrupt businessman Sean Quinn, whose son and nephew have been jailed, has admitted he is scared of being sent to prison.
His son and nephew have been jailed for contempt of court, after breaching an order not to put 500m euros of overseas property assets beyond the reach of the Irish Bank Resolution Corporation.
But his nephew Peter Darragh Quinn failed to appear for sentencing, and a warrant has been issued for his arrest.
Mr Quinn said his nephew seemed to have a "desperate fear of prison" and added that while he shared that fear, he would go to jail if sentenced.
In an interview with Shannonside radio station, he said: "Do I think it's wrong? Am I afraid of it? Yes I am.
"Will I back off it? Will I lose my pride? I won't.
"If Anglo feels it hasn't done enough damage to me already by taking my money, my company, my reputation, if they want to finish it off by putting me in prison, then so be it - I'll accept that."
He told the station he was a scapegoat for the failings of the Anglo Irish Bank, which was bailed out by the state in 2009.
The bank is owed £2bn by Mr Quinn and tried to recover some of that from property he owns in Russia and Ukraine, but the money and ownership disappeared into companies across the world.
Mr Quinn said he believed his family would eventually be vindicated.
(NE/GK)
His son and nephew have been jailed for contempt of court, after breaching an order not to put 500m euros of overseas property assets beyond the reach of the Irish Bank Resolution Corporation.
But his nephew Peter Darragh Quinn failed to appear for sentencing, and a warrant has been issued for his arrest.
Mr Quinn said his nephew seemed to have a "desperate fear of prison" and added that while he shared that fear, he would go to jail if sentenced.
In an interview with Shannonside radio station, he said: "Do I think it's wrong? Am I afraid of it? Yes I am.
"Will I back off it? Will I lose my pride? I won't.
"If Anglo feels it hasn't done enough damage to me already by taking my money, my company, my reputation, if they want to finish it off by putting me in prison, then so be it - I'll accept that."
He told the station he was a scapegoat for the failings of the Anglo Irish Bank, which was bailed out by the state in 2009.
The bank is owed £2bn by Mr Quinn and tried to recover some of that from property he owns in Russia and Ukraine, but the money and ownership disappeared into companies across the world.
Mr Quinn said he believed his family would eventually be vindicated.
(NE/GK)
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01 November 2012
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Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
02 October 2012
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
Seán Quinn Jnr Appeal Launched
Ireland’s Supreme Court has begun hearing an appeal launched by Seán Quinn Jnr against his three month jail term. His lawyers have told the Supreme Court his indefinite imprisonment for contempt of court and failing to reverse an asset-stripping conspiracy is "incorrect and legally wrong".
02 November 2012
Sean Quinn Jailed For 9 Weeks
Sean Quinn has been sentenced to nine weeks in jail for contempt of court. The sentencing sees the culmination of a high-profile legal battle between the Quinns and bailed-out bank Anglo Irish over claims of asset-stripping by the former billionaire. Sentencing at Dublin High Court is expected to occur at 13:00.
Sean Quinn Jailed For 9 Weeks
Sean Quinn has been sentenced to nine weeks in jail for contempt of court. The sentencing sees the culmination of a high-profile legal battle between the Quinns and bailed-out bank Anglo Irish over claims of asset-stripping by the former billionaire. Sentencing at Dublin High Court is expected to occur at 13:00.
15 April 2011
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
Sean Quinn Forced Out Of Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
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