Quinn family seek to sue over €2.4bn Anglo loans

The family of bankrupt businessman Seán Quinn is formally seeking to sue the Central Bank and the Department of Finance, along with Anglo Irish Bank over the alleged making of €2.4bn unlawful loans to their companies.

Having examined a range of materials, including transcripts of phone calls made from 2007 between Anglo, the department and Central Bank, the Quinns have applied for leave to join the bank and department as co-defendants in the case.

The hearing of their full action must however await the completion of criminal proceedings against former Anglo chairman Sean FitzPatrick and other former senior bank executives.