Quinn’s private wealth and assets beyond Anglo reach

THE mansion and personal assets of Seán Quinn and his family are beyond the reach of Anglo Irish Bank as it attempts to recoup €2.8 billion in loans he owes to the nationalised institution.

Finance Minister Michael Noonan admitted last week that it was likely the taxpayer will “take the hit” for the debts as Anglo took control of the Quinn Group by exercising a charge it had over shares.

The bank made the move on the business empire by appointing a receiver over the shares held by the Quinn family in the Quinn Group.