Quinn property is ours, Gilmore tells Ukraine
TANAISTE Eamon Gilmore has told the Ukrainian prime minister that he wants to recover a €60m shopping centre once owned by the Quinn family because it "belongs to the Irish people".
The former Anglo Irish Bank – now IBRC – has been engaged in a legal battle to secure its 93pc interest in the shopping centre in Kiev, which has a rental income of €10m.
The Ukraina centre was formerly owned by the family of bankrupt businessman Sean Quinn. Earlier this month a court in Kiev upheld a ruling by a Belfast court that a series of debt transfers worth $45m (€34m) associated with the shopping centre were "null and void".
Mr Gilmore discussed the issue in a meeting with Ukrainian Prime Minister Mykola Azarov in Luxembourg – because political pressure is crucial to getting court judgments enforced in Ukraine.
A spokeswoman for Mr Gilmore had told Mr Azarov that the shopping centre belonged to the Irish people.
IBRC – now in special liquidation – claims that the Quinn family owes it more than €2bn. IBRC is 100pc owned by the taxpayer.