Saturday September 19, 2020

Quinn must be held to account over financial dealings

Sean Quinn concocted an elaborate miasma of companies, at least in part, to transfer ownership of hugely valuable property assets into the names of his children.

30th June, 2012
2
'If people are to be prosecuted for trivial thefts or social welfare fraud, involving at most a few thousand euro, then the justice system has lost whatever credibility it has if it fails to pursue to the end the members of the Quinn family who engaged in these activities'.

Sean Quinn concocted an elaborate miasma of companies, at least in part, to transfer ownership of hugely valuable property assets into the names of his children. Presumably this was done for tax reasons, at least in the initial stages.

Quinn Investments Sweden (QIS), a Swedish company, was the vehicle through which these property assets were owned. This company, in turn, created a myriad subsidiaries, including a number of Cypriot companies, which in turn held shares...

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