The owner of two prestigious Georgian office buildings in Dublin's Stephen's Green faces receivership of the properties after he failed to pursue High Court injunction proceedings blocking efforts to prevent the takeover due to a €13m debt.
A settlement could be reached next week of the marathon case by Sean Quinn’s five adult children challenging the validity of securities provided by them for hundreds of millions of euro in loans advanced by Anglo Irish Bank to Quinn companies.
Two former senior executives with the Quinn group are "very reluctant" witnesses in the action by Sean Quinn's adult children disputing any liability under guarantees for loans of more than €415m, the High Court has been told.
Sean Quinn’s family used the Quinn group as their “personal bank” from which they extracted some €1.95bn to fund their personal lifestyles, property acquisition and significant losses, the High Court has been told.
The former head of group finance at Anglo Irish Bank said he was not aware that €7.2bn transactions with Irish Life and Permanent were “a straight exchange of cash with no underlying security” until after they had taken place.
A fund's application for a €1.7m judgment against former AIB and Central Bank director Bernard Somers in relation to a loan secured on various assets, including his home in Foxrock, Dublin, has been adjourned by the Commercial Court.
The State’s botched investigation against ex-banker Seán FitzPatrick was undermined by the fact that untrained officials were tasked with taking key evidence because other prioritised Anglo investigations were draining vital resources.
A dispute over the entitlement of the wife of former Anglo Irish Bank chairman Sean Fitzpatrick to an interest in "substantial" assets held in his sole name will be heard at the High Court next year.