Tag Archives: Sean Quinn

The Quinn Trust Fund

Spare a thought this Christmas.

 

As the costs of the Quinns’ legal action against the Irish Bank Resolution Corporation continue to add up, Sean Quinn junior says the financial support from locals is “badly needed”.
He told The Impartial Reporter: “There are a number of local business people who have set up a trust fund in Belfast to help us with our litigation. That support was very badly needed and is very much appreciated by me and my family.”

 


Sean Junior Says ‘Badly Needed’ Trust Fund Is Appreciated (The Impartial Reporter)

“Sammy Knight Has The Tractor”

Quinn Group Workers Stage One Day Work Stoppage (BreakingNews.ie)

And a possible Christmas number one?

The Mighty Quinn by Tony Bannon

Oh the mighty Quinn from Derrylin
They closed him down it is a sin
The boys up in the Dail don’t give a damn

Oh the mighty Quinn from Derrylin
They closed him down it is a sin
He’s a victim of the Anglo Irish scam

Just Visiting (For Now)

The Irish Bank Resolution Corporation is seeking to have Seán Quinn’s five children put in the witness box so they can be cross-examined about their personal finances.

The State-owned bank is also seeking to have his son’s wife, Karen Woods, and his two sons-in-law, Niall McPartland and Stephen Kelly, quizzed also.

The bank believes the asset-stripping scheme implemented by the family is for the benefit of Quinn’s children and grandchildren, and that the children and their partners have not fully complied with court orders made prior to the summer to disclose all assets and bank accounts in which they have an interest.

Above: Sean Quinn Junior and wife Karen Woods  leaving Mountjoy prison after visiting Sean Quinn Snr.

IBRC wants to see Quinn children in court (Colm Keena, Irish Times)

(Sasko Lazarov/Photocall Ireland)

Scenes From Yesterday’s Quinn Rally At Ballyconnell

Many people from the Border counties of Cavan and Fermanagh gathered for the rally, which got underway after 4pm.

Well-known GAA figures Mickey Harte, Donegal selector Rory Gallagher and Peter Quinn spoke out in support of the family at the rally, organised by the Concerned Irish Citizens group.

Seán Quinn’s wife Patricia and his daughters were among those at the rally. Mr Quinn’s daughter Ciara Quinn told the crowd that the family will succeed and create jobs again and that she and her siblings would not become Anglo scapegoats.

Mr Quinn and his wife Patricia eventually broke down as prayers and a poem were read for their jailed son, Sean Quinn junior.

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Thousands attend Quinn rally (Áine McMahon, Irish Times)

(Laura Hutton/Photocall Ireland)

(Pix 5/6: Rodney Edwards)

(Hat tip: Lars Biscuits)

Séan Quinn Jnr’s Unemployment Benefit

Documents retrieved recently from a damaged computer in Moscow include employment contracts for Quinn, three of his siblings, his then fiancee and now wife Karen Woods, and other members of the Quinn family. The contracts stipulate that they each get millions of euros in the event of being laid off by property-holding companies in Russia over which IBRC has mortgages and charges.

The charges were taken out when Anglo Irish Bank, now known as IBRC, issued the Quinn family with loans worth hundreds of millions of euros which the family cannot repay.

The property group over which the bank has charges is worth up to €500 million.

The documents indicate Mr Quinn was to get up to €15 million if his employment was terminated in two companies. His wife was to get €36 million from a number of companies in the event of her employment being terminated, as were Mr Quinn’s siblings Aoife, Ciara and Colette, and Ciara’s husband, Niall McPartland, according to the bank.


Now THAT is how you do a golden parachute.

Quinns were to receive millions in severance payments (Colm Keena, Mary Carolan, Irish Times)

(Mark Stedman/Photocall Ireland)

Anything Good In The Impartial Reporter?

Depends.

Says Peter Quinn: “There is a conspiracy to make sure he doesn’t win the case, involving Anglo, the Government including the Department of Finance and the regulatory body, including the Central Bank.

“There is systematic and systemic collusion to make sure Sean Quinn doesn’t win the case. That’s why the whole series of side issues are being taken to court first, to dry up funds,” says Mr. Quinn.

“And they are succeeding with the support of the national media, including RTE, BBC and the national dailies.

“People aren’t being told the truth, that Anglo was involved in illegal activity, defrauding investors and overstating their balance sheet,” he said.

Peter Quinn: The Full Interview (TheImpartialReporter)

Previously: Did Brian Cowen Know About Anglo’s €2.3 Billion Loan To Quinn?