IBRC 'disappointed' at Quinn 'vendetta' comments
The Irish Bank Resolution Corporation, formerly Anglo Irish bank, has responded to claims by Sean Quinn that it has a "personal vendetta" against him and his family.
The former billionaire was declared bankrupt by the High Court earlier today on foot of a petition by the bank, which is owed €2.8bn.
Mr Quinn, who did not oppose the application, issued a statement this afternoon saying the bank had "achieved its goal" of ensuring he never creates another job in his life.
In response, IBRC this evening described Mr Quinn's comments as "disappointing", adding its "singular focus" is to act in the best interests of the State and to recover as much as possible from the remaining assets over which it has legal security.
Sean Quinn, once Ireland’s richest man, today admitted his business career was over after being declared bankrupt in the High Court.
“Today Anglo achieved their goal of ensuring that I will never create another job,” he said.
“Given the expense incurred by Anglo in having my Northern Ireland bankruptcy overturned and the fact that today’s judgment in no way improves Anglo’s prospects of recovering money for the taxpayer, their actions clearly prove that it is a personal vendetta.
“The position of the Irish taxpayer could have improved significantly, by a more reasonable approach to the issues involved.”
