Quinns allege grand conspiracy over Anglo

The Department of Finance and Central Bank conspired with Anglo Irish Bank in relation to its advancing over €2bn loans to Quinn companies for the unlawful purpose of propping up its share price, it was alleged at the Commercial Court.

Quinns allege  grand conspiracy over Anglo

That alleged conspiracy involved the department arranging for documents from Anglo to be “significantly amended” to disguise the extent of the department’s knowledge about what was happening in relation to the loans, the family claim.

Had the regulators done their duty and not encouraged Anglo’s actions, these illegal loans would not have been advanced, Anglo “would have gone to the wall” much more quickly and the Quinns would not be exposed to claims for €2.34bn, said Martin Hayden SC, for the Quinns.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited