Saturday May 30, 2020

Three Panama firms in Quinn family transactions

The three firms were acquired and set up in 2011

10th April, 2016
The Panama papers were released this week Pic: Getty

Three mysterious Panamanian companies were used to asset strip $60 million from the overseas property empire which was once controlleda by the family of former billionaire Sean Quinn.

The three firms were acquired and set up in 2011 after which assets worth multiple millions were sold to the companies for a tiny fraction of their worth.

Forfar Overseas SA, Lockerbie Investments SA and Clonmore Investments are controlled by unknown parties.

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