Anglo tried to ruin me forever, says Quinn

Bankrupt businessman Sean Quinn told the High Court Anglo Irish Bank had tried to ruin him forever, bullied him out of office and made him “a criminal in Irish society”.

“I should not be here,” he told Ms Justice Elizabeth Dunne.

Any loss to the taxpayer as a result of the Quinn family moving property assets beyond the reach of Anglo, now Irish Bank Resolution Corporation, is “mickey mouse” compared to the €5bn loss to the taxpayer after the bank’s “rape” of the Quinn group, he said.

In his second day in the witness box, Mr Quinn said a very good business built up by him over decades was destroyed after he got involved with the bank which has “wrecked” Ireland, “bullied me out of office”, and “made me a criminal in Irish society”.

Anglo “bankrupted me for €3bn”, “tried to ruin me forever”, had taken “our money, our company and our pride” and was acting as “judge, jury and executioner”.

“You guys are treating me as a criminal and want rid of me at all costs,” he told Paul Gallagher, counsel for Anglo. “I should not be here.”

He was 65 years old, never in the High Court before, and never involved in any litigation until he got involved with Anglo, said Mr Quinn. He had left school at 15, built up his company from one to about 7,000 employees and, as far as he was concerned, Anglo took it over illegally.

There were many heated exchanges yesterday during the cross-examination of Mr Quinn in the continuing hearing of the bank’s application for orders for attachment and committal of the former billionaire, his son Sean, and nephew Peter.

The three deny contempt of court orders of June and Jul 2011 restraining dissipation of assets in the Quinn international property group. They say steps to put assets beyond Anglo’s reach were taken before those orders were granted in proceedings where the bank, owed €2.8bn by Quinn companies, claims the family was trying to put foreign properties with a value of up to €500m beyond its reach.

At various stages, Mr Quinn accused counsel of trying to make him “look stupid”, and said he resented implications he was a liar.

The case continues today.


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