Loans, fines and losses leave Quinn reeling

BILLIONAIRE businessman Seán Quinn will be glad to see the back of 2008 for a number of reasons.

Loans, fines and losses leave Quinn reeling
Sat, 25 Oct, 2008 - 01:00

His failure to disclose a €288 million loan by Quinn Insurance to buy shares in Anglo Irish Bank has cost the insurance company €3.25m in fines.

Mr Quinn had to cough up €200,000 himself to the Financial Regulator.

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CourtsPlace: BILLIONAIREPlace: Eastern EuropePlace: RussiaPlace: IndiaPerson: QuinnPerson: Sean QuinnPerson: Director of Corporate EnforcementPerson: DirectorOrganisation: Quinn InsuranceOrganisation: Anglo Irish BankOrganisation: Quinn GroupOrganisation: BUPA IrelandOrganisation: AngloOrganisation: Midas
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