Seán Quinn says Anglo did ‘a sweetheart deal’ on his stake

Seán Quinn has said he suspected Anglo “were doing a sweetheart deal” when it forced him to sell his stake in the bank.

Mr Quinn, who admitted he used to be Ireland’s richest man, said he couldn’t understand why the share price of Anglo fell so much in July 2008 as the deal was going through. He said that he approached a solicitor in London about the matter.

Mr Quinn told Dublin Circuit Criminal Court the bank knew from November 2007 it was in serious trouble, but Seán FitzPatrick and David Drumm maintained it was “in rude health” as late as September 2008, shortly after the bank guarantee.