Quinn accused of ‘destroying his empire’

Businessman Sean Quinn himself caused the destruction of the Quinn family companies and wealth as a result of investing in Anglo Irish Bank shares on the stock market which later fell in price, it was claimed in the High Court yesterday.

Counsel for Anglo Paul Gallagher SC told Mr Quinn it didn’t accept his claims the bank had “robbed” him and his family of their wealth, pride and dignity. “You lost money because you began directly investing in the stock market through contracts for difference and the share price went down.”

“You know what happened,” Mr Quinn said.