Saturday 20 January 2018

Quinn property is ours, Gilmore tells Ukraine

Tanaiste Eamon Gilmore
Tanaiste Eamon Gilmore

Michael Brennan Deputy Political Editor

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.

Irish Independent

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