Quinn: Anglo removed execs as 'dead men can't talk'

Quinn: Anglo removed execs as 'dead men can't talk'

Sean Quinn has again attacked Anglo Irish Bank in the High Court, claiming that in its takeover it removed all the top executives from the Quinn group because "dead men can't talk".

The former billionaire denies breaching a court order from last summer prohibiting the Quinns from dispersing assets that Anglo, now IBRC, want as collateral against debts of €2.8bn.

IBRC's lawyers have put it to Sean Quinn that he felt justified doing whatever was necessary to protect the Quinn's assets.

The former billionaire replied that Anglo had never put forward a proposal and were immovable "like a big block of cement in the yard".

He said the Quinns would have been happy to work for the bank for seven years and that if the debt had not been repaid by then, Anglo could have taken "the whole sheboot".

Instead, he said, Anglo "came in army-style", took over the Quinn group, and removed the top executives who knew too much.

Intervening, Ms Justice Elizabeth Dunne said: "I don't want to be rude but you're being absolutely repetitious at this stage."

Sean Quinn's lawyers will re-examine him tomorrow ahead of final submissions in the case.

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