Quinn claims loans only for tech stocks

Businessman Sean Quinn has claimed that the only money he owes to the former Anglo Irish Bank relates to borrowings to fund investments in IT companies during the dotcom boom. Filing for bankruptc

13th November, 2011

Businessman Sean Quinn has claimed that the only money he owes to the former Anglo Irish Bank relates to borrowings to fund investments in IT companies during the dotcom boom.

Filing for bankruptcy last Friday, Quinn accepted he owed €194 million to Irish Bank Resolution Corporation (IBRC), the former Anglo Irish Bank. Informed sources said that the €194 million Quinn was acknowledging he owed related to loans he got almost a decade ago to invest...

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