More funds raised to cover Quinns’ legal costs
Despite the court cases and national backlash against Sean Quinn and his family, they are not without affluent friends and supporters.
The controversial family have been offered several “substantial financial donations” to help them with their legal actions against IBRC formerly Anglo Irish Bank, according to locally based Concerned Irish Citizens.
The anonymous donations have been offered by business people who support the family’s campaign for justice. It is anticipated that the funds will be sufficient to cover the Quinn’s legal fees.
The Quinn family is suing the IBRC for alleged fraud, claiming more than €2bn worth of loans given to them by the bank are unlawful because they were used to prop up Anglo’s collapsing share price. The Quinn family’s bank accounts have been frozen by the courts and receivers have been appointed over their global assets, leaving them with no control over their financial affairs or access to millions the bank believes they have stashed away. But this month the High Court allowed several family members of bankrupt businessman Seán Quinn to vary the terms of freezing orders imposed on them so they can pay more than €160,000 in legal fees to their former lawyers. The Irish Independent revealed last week that a Quinn family firm got an €11m secret loan last January in spite of court orders banning any interference with the Quinn family’s €500m property portfolio.
The group headed by Ballinamore’s Maureen Martin and Patricia Gilheaney are now in discussions with an established legal and accounting firm with a view that they will implement the legal and governance structures necessary to independently establish a fund on a sound legal basis. The statement from Concerned Irish Citizens concluded by saying that the names of those who have donated money will not be released at this time.
The IBRC this week secured the Quinn family’s €180m 20-storey Kutuzoff Tower in Moscow - and says it has vital evidence which could lead to the whereabouts of the property’s missing annual €20m rental income.
The second rally for justice for the Quinns has been re-scheduled to take place in Ballyconnell on October 14. The rally will include groups such as “People for Economic Justice” and “The Anti Eviction Task Force”, members of the Quinn family are expected to attend as well as a number of high profile speakers and entertainment.
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