Sean junior says 'badly needed' trust fund is appreciated

Rodney Edwards • Published 6 Dec 2012 13:00 2 Comments

THE son of jailed businessman Sean Quinn has welcomed the creation of a trust fund set up to support his family's legal costs in their ongoing battle with the former Anglo Irish Bank.

As the costs of the Quinns' legal action against the Irish Bank Resolution Corporation continue to add up, Sean Quinn junior says the financial support from locals is "badly needed".

He told The Impartial Reporter: "There are a number of local business people who have set up a trust fund in Belfast to help us with our litigation. That support was very badly needed and is very much appreciated by me and my family."

Mr Quinn observed Sunday night's meeting in Ballyconnell as contributors discussed Quinn jobs.

In October he was released from Mountjoy Prison after serving three months for contempt of court while his father has served almost half of his nine-week term in prison for the same charge.

"Dad is keeping well and is very appreciative of all the letters and the support he is getting from people. He is very grateful of that and so are we," he said.

Meanwhile, the Quinns will ask the court next week to halt an action by IBRC claiming they conspired to strip multi-million euro assets from the family's International Property Group (IPG).

The family will ask that the case is put on hold until the outcome of their action against the bank, which is due in April 2013.

The Quinns claim the bank has no valid security over properties within the IPG and had also advanced some €2.4bn unlawfully to Quinn companies via loans to prop up its share price.

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This article appeared in Impartial Reporter 06 Dec 12

Have your say. Post a comment on this article.

• 

  SeamusandPatsy
  21 posts
  Dec 7, 02:08
  Report comment

  How the mighty have fallen??? Now they pass the hat round like common street beggars karma has a funny way of rearing its head. As the old saying goes what goes around comes around and it has certainly done a 360 here and will probably do a 1080 turn before its all over. You should never get to big for the old boots, thinking because you have a few quid you can do what you like when you like is a dangerous ideology and has proven to be oh so true as far as the Quinn brigade are concerned. It again has to be asked why the Peter Jnr pup has not the guts to do his time??? An extremely low act on his behalf in fact you couldn't get any lower.
  
  Recommend?   Yes 10     No 3

• 

  SaintPatrick
  33 posts
  Dec 7, 14:06
  Report comment

  I don't see how it is "very badly needed" when the court has effectively ruled that they have millions tucked away, a fact they don't seem to be denying. Perhaps an examination of exactly which local business owners have contributed would be a good idea, make sure they're not local to Belize.
  
  Recommend?   Yes 3     No 0

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