Quinn confirms widening of Anglo dealings probe

IRELAND’s former richest man, Sean Quinn, has confirmed that state investigations into his family’s financial dealings with Anglo Irish Bank have been widened.

In a statement released by Mr Quinn yesterday, he accepts that the family has lost a lot of money through their investment in Anglo Irish Bank, initially acquired through share-owning instruments known as Contracts For Difference (CFDs).

But the statement adds there is “absolutely no impropriety regarding the family’s dealings in any transactions relating to any of its investments”.