Sean Quinn Personal Vendetta

January 18, 2012 by staff 

Sean Quinn Personal Vendetta, Sean Quinn has today accused the former Anglo Irish Bank of pursuing a vendetta against him and his family.

The former billionaire was declared bankrupt by the High Court earlier this afternoon on a petition by the bank which is now known as Irish Bank Resolution Corporation (IBRC).

A personal vendetta is what Sean Quinn claims the bankruptcy petition by IBRC today was all about.

And as proof the former billionaire points to the expense incurred by the former Anglo Irish in having his Northern Ireland bankruptcy overturned last week.

In a written statement issued this afternoon he also claims that the judgment in no way improves the prospects of the bank of recovering money for the taxpayer.

He also said that the former Anglo Irish “achieved their goal of ensuring that I will never create another job”.

Sean Quinn owes IBRC in excess of €2 billion but says his assets are around €50,000.

He did not oppose the petition today which has left him bankrupt for up to 12 years.

Meanwhile the IBRC have also issued a statement this evening.

They say it is “disappointing to note that Mr. Quinn continues to assert that his bankruptcy is a matter of a personal vendetta by IBRC against him and his family. This simply is not true”.

It goes on to say that “The Bank’s singular focus is to recover as much as possible from the remaining assets over which the Bank has legal security. It is this singular focus that is in the best interests of the State”.

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