Quinn debacle - The scandal deepens

The suggestion yesterday that the potential €1.65bn call on the Insurance Compensation Fund to cover the losses at Quinn Insurance could rise should give all of those who have championed the bankrupt tycoon pause for thought.

The scale of liabilities, which will hit policy holders for decades to come, are astounding.

Finance Minister Michael Noonan has expressed frustration with the spiralling figure. He also criticised the inability of highly paid professionals to reach a final position on liabilities. Indeed, he accused them of misleading the Government.