| 8.9°C Dublin

Truth will eventually come out about Anglo

Sean Quinn and his family are not gamblers. The mistake they made was that like so many, they believed the officially audited accounts of Anglo Irish Bank that were presented to them as accurate, as well as the Central Bank and Irish Stock Exchange commentary up to the latter end of 2008.

Their investments in what was claimed to be a blue-chip company were based on information provided.

The subsequent actions by agents of the State to put Quinn Insurance into administration, and take over the Quinn Group, make no commercial sense, particularly for the taxpayers.

It appears that they are more about punishing Quinn for a crime that he was a victim of, rather than a perpetrator.

Dearbhail McDonald's article 'Anglo must reveal what managers told directors' (Irish Independent, May 19) is encouraging, in that the truth will eventually come out about Anglo.

Phrases like "with the object of artificially enhancing the bank's share price" and "loans were impaired due to alleged fraudulent misrepresentation" are indicative of allegations levelled against this bank.

It is time to put an end to this farce in order to save millions of euro in legal costs trying to defend the indefensible.

PATRICIA McMANUS

BALLINAMORE, CO LEITRIM