30/07/2012

Cavan Crowd Turns Out In Support Of Quinns

Bankrupt businessman Sean Quinn has addressed a supportive crowd in County Cavan, the BBC has reported.

Hundreds of supporters attended the rally in Ballyconnell last night and speakers included well-known GAA personalities including Michey Harte and Joe Kernan.

On 20 July, a judge found that Mr Quinn, his son, Sean Quinn jnr and a nephew, Peter Darragh Quinn, hid millions in assets from the bank.

Mr Quinn jnr and Peter Darragh Quinn were given three-month jail terms by a judge in Dublin but Peter is on the run from police.

Sean Quinn senior avoided jail but he has been given three months to cooperate with the Irish Bank Resolution Corporation (IRBC) formerly the Anglo Irish Bank, to whom the Quinn group owe £2bn.

Mr Quinn thanked the crowd for their support and said: "We always paid our way".

Protestors urged the former Anglo Irish Bank to seek the suspension of contempt orders issued against the Quinn family.

They also want IBRC to suspend all proceedings still pending against the family until such time as the legitimacy of the debt is clarified.

The rally was held at a Quinn packaging plant.

The Irish state bailed out the Anglo Irish Bank when it failed and the IBRC's function is now to recover money for the Irish taxpayer.

It is seeking to recover money from the Quinns for property owned by them in Russia and Ukraine.

(NE/GK)

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