Thursday 22 February 2018

Seán Quinn's nephew set to 'repair damage' with company

Sean Quinn. Photo: Gerry Mooney
Sean Quinn. Photo: Gerry Mooney

Rodney Edwards

Seán Quinn's on-the-run nephew could be drafted in to "repair the damage" between his family and the American investors that own the former Quinn Group in Derrylin.

Mr Quinn's dream to regain control of the business he started 40 years ago appears to be in tatters. Last week, the former billionaire had his €500,000-per-year contract terminated following a bitter dispute with the company's senior management team.

The owners of Quinn Industrial Holdings Ltd (QIHL) had issued Mr Quinn with an ultimatum, warning him that he faced having his contract ended if he did not comply with a number of conditions.

But after a number of meetings, it was decided to part ways with both him and his son, Seán Jnr, who was also a consultant at the company.

However, in the hope of pursuing commercial opportunities with the company one day, it is understood that Peter Darragh Quinn could be tasked with attempting to improve relations between the family and the US-based financiers.

He is Mr Quinn's nephew and the son of former GAA president Peter Quinn.

An arrest warrant was issued for Peter Jnr in 2012 when he failed to appear at the High Court in Dublin. His lawyer told the court that his client was too ill to attend the sentencing, but shortly afterwards he returned to his home in Fermanagh.

The authorities in the Republic cannot force him to serve his sentence if he has left the jurisdiction.

"There will be no Quinn at the helm under the current ownership structure. But Peter Jnr is acknowledged to be bright and capable," said a well-placed source.

"He would be a very able dealer on behalf of the family."

Irish Independent

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