Tuesday November 24, 2020

Quinn loans of €160m from Anglo untraced

More than €160 million-worth of loans advanced to the Quinn family to fund its ill-fated gamble on Anglo Irish Bank remains unaccounted for, according to two financial reports.

16th June, 2012

More than €160 million-worth of loans advanced to the Quinn family to fund its ill-fated gamble on Anglo Irish Bank remains unaccounted for, according to two financial reports.

The confidential reports have uncovered a financial hole between what was borrowed by the family to fund its investment, and what was actually paid out to cover its mammoth exposure on the investment. The two reports are now being examined by the company's current management.

The reports...

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