Thursday 27 July 2017

Everyone pitched in for Sean -- and their jobs

Despite negotiations behind the scenes, Sean Quinn is likely to lose control of group, says Maeve Sheehan

THE Fianna Fail senator Diarmuid Wilson rose at 7.30am last Tuesday and had a bowl of Weetabix for breakfast that turned out to be the only morsel that would pass his lips until late that night. The politician had already curtailed an Easter holiday break with his family, attended hours of meetings and clocked up an enormous phone bill passing messages along the Cavan bush telegraph.

He wasn't alone. At least half a dozen TDs, one government minister, four senators and a rake of councillors of every political hue had forsaken their Easter break, passing feverish days and nights in pursuit of one of the most extraordinary causes to have fired across their usually humdrum constituency desks.

It was a week to the day since the Financial Regulator Matthew Elderfield asked the High Court to take Quinn Insurance out of the hands of its owner, the fallen billionaire Sean Quinn. There was one week to go before its fate would be sealed: unless an alternative solution is found that will satisfy the regulator, the High Court will formally place Quinn Insurance into administration tomorrow, leading to its eventual sell-off and threatening job losses across the group at large.

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