Friday 15 December 2017

Sean Quinn must repay over €400m to Anglo Irish Bank - court

BUSINESSMAN Seán Quinn must repay €417m to the the Irish Bank Resolution Corporation, formerly Anglo Irish Bank, the Commercial Court ordered today.

A summary judgment against Mr Quinn was granted to IBRC by Mr Justice Peter Kelly.

The bank's claim for a further €1.6bn has been adjourned until next Monday to give the official receiver in charge of Mr Quinn's bankruptcy in Northern Ireland a further chance to tell the court if he wants to challenge that claim.

The Judge granted the order for almost €417m as it relates to sums of money that Mr Quinn has admitted that he owes and are therefore undisputed.

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