Quinn gives evidence at Anglo trial

Ireland’s one-time richest man Sean Quinn suspected the now-defunct Anglo Irish Bank made a sweetheart deal to unwind his secret shareholding in the lender, a court has been told.

Ireland’s one-time richest man Sean Quinn has said he was a fool in losing €3.2bn gambling on Anglo Irish Bank shares, a court has been told.

The 67-year-old said he initially only meant to make modest investments in the stock but ended up using nine brokers to buy almost 30% of the now defunct lender.