Quinns to take “huge compensation case”
Sean Quinn’s family are to join the Central Bank (as regulator of Anglo Irish Bank) and the Department of Finance as co-defendants to the family’s case alleging that €2.3bn in loans were made by Anglo to Quinn companies for the unlawful purpose of propping up the bank’s share price.
The Quinns have until mid-January to move the application to join the Central Bank and the Department to the case.
The Quinn family are “determined to clear our names.” They plan to take a “huge compensation case” against the Government.
The family disputes around €2.3bn of the €2.88bn Irish Bank Resolution Corporation says it is owed by the family.
The case was scheduled to begin in the Commercial Court next April but earlier this month the DPP asked for the case to be delayed because of criminal proceedings against former Anglo directors.
Mr Justice Peter Kelly said any move to join the Central Bank and the department would “change the whole landscape” of the case.
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