Quinn: Anglo chiefs knew bank was in trouble when they offered millions

Seán Quinn has claimed Anglo Irish Bank executives were aware the bank was in serious trouble in late 2007 at a time when they were willing to offer him hundreds of millions of euro to cover his investment in Anglo.

The one-time richest man in Ireland gave evidence at Dublin Circuit Criminal Court yesterday that he would never have bought one share in Anglo if he had known of problems with the bank.

During the trial of three former Anglo executives, Mr Quinn revealed he had sought legal advice from a firm of British lawyers after Anglo’s share price had once fallen 20% in a few days because of his fears that there was “some sweetheart deal”.