Anglo to call in €2bn Quinn loan guarantees

WITHIN a fortnight, Anglo Irish Bank is to call in almost €2 billion in personal guarantees given by Sean Quinn in a court case which may result in the largest ever judgment in Irish legal history.

Anglo went into the High Court on Wednesday and lodged High Court documents detailing its decision to call in the personal guarantees given to the former head of Quinn Group.

According to RTÉ’s Prime Time, the loans include one of €1.3bn, one of $820m (€600m) and one of 200m yen (€1.9m) all taken by Mr Quinn personally.