We don't need money from anyone: Sean Quinn
Quinn boss Sean Quinn has said his company does not need the €700m cash injection proposed by Anglo Irish Bank.
The banks proposal would see €150m of the €700m going to the group's insurance arm, with the other €550m going towards paying off bondholders.
In return Anglo would become a majority stakeholder in the Quinn Group.
Sean Quinn was adamant last night that he was not looking for anyone's money to resolve the clash with the Financial Regulator.
"We are not looking for any money from anybody…The company is very cash-rich and we don't need extra money," he said, speaking on RTE's Prime Time programme last night.
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