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”.

Ex-tycoon ordered to repay €1.7bn in debts
Tue, 29 Nov, 2011 - 00:00
Vivion Kilfeather and Catherine Shanahan

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.

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CourtsPoliticsPlace: DublinPlace: IndiaPlace: RussiaPlace: NorthPlace: BelfastPerson: Sean QuinnPerson: Mike AynsleyPerson: JusticePerson: Peter KellyPerson: AynsleyPerson: QuinnPerson: AngloPerson: KellyOrganisation: BANKRUPTOrganisation: Anglo Irish BankOrganisation: Irish Bank Resolution CorporationOrganisation: IBRCOrganisation: Commercial CourtOrganisation: Quinn GroupOrganisation: High Court
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