Ex-tycoon ordered to repay €1.7bn in debts

BANKRUPT business tycoon Seán Quinn has been ordered to repay €1.7bn in debts to the former Anglo Irish Bank following court action he described last night as “pointless, self-serving and vindictive”.

It was the largest summary judgment amount entered in the courts following the action by the Irish Bank Resolution Corporation (IBRC), formerly Anglo.

The 64-year-old has now been hit with two separate judgments of €1.74bn and €417m by the Commercial Court in Dublin over loans from the nationalised lender.