Forums

Irish Sports

There is currently 1 person viewing this thread.
These 275 comments are related to the topic:
The Quinn Family rally

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
Page 7 of 7  •  Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Next
sort by:
Show
per page
Replies: 275
By:
Anaglogs Daughter
When: 02 Nov 12 12:23
Judge sends Sean Quinn to jail for 9 weeks for serious contempt
By:
Anaglogs Daughter
When: 02 Nov 12 12:26
court may grant a stay pending appeal to Supreme Court next week
By:
Vubiant
When: 02 Nov 12 12:31
When will Cavan secede ?
By:
Anaglogs Daughter
When: 02 Nov 12 14:06
You know what this means.."C'mon lads and lassies let's have another protest march"
By:
Anaglogs Daughter
When: 02 Nov 12 14:23
He want's to start his sentence today Shocked What's he up too? Mischief
By:
reb
When: 02 Nov 12 14:25
Friday is poker-night in Mountjoy.
By:
Anaglogs Daughter
When: 02 Nov 12 15:19
Quinn 'has only himself to blame' as he begins nine-week jail term

http://www.breakingnews.ie

Ex-billionaire tycoon Sean Quinn has only himself to blame for a nine-week jail sentence over his role in an multimillion-euro asset-stripping plot, a High Court judge declared today.

The bankrupt businessman opted to go straight to prison for his “outrageous” contempt and for failing to untangle a scheme that put the family’s €500m international property empire beyond the reach of the former Anglo Irish Bank.

The 66-year-old, who could have remained free until his Supreme Court appeal, was flanked by supporters in the High Court in Dublin, which was packed with barristers, onlookers and media.

Ms Justice Elizabeth Dunne told Quinn he had committed a serious contempt of court which had been nothing short of outrageous, he had been evasive and uncooperative during the hearing, and his evidence was not credible.

The judge acknowledged the proceedings had negatively consumed his and his family’s life.

“In my view, he has only himself to blame,” she added.

The resigned-looking former cement, insurance and property tycoon cried as he held a crumpled tissue in his hand, looking straight ahead with his bloodshot eyes.

Barristers for Quinn, who will be freed on January 4, appealed for compassionate leave to attend a granddaughter’s christening on December 22 – but the judge said that was a decision for the Prison Service.

Quinn Snr owes Anglo €2.8bn after running up unprecedented losses through secret stock investments in the bank as its share price collapsed.

The family admit they owe just €455m but have refused the claims on the rest and have taken a counter-case again the bank, rebranded the IBRC (Irish Bank Resolution Corporation), over a loans deal.

Breaking court rules, Quinn took the unprecedented step of making a dramatic statement at the back of the court to journalists before a Garda finally moved in and took him away.

He called for investigations into why a receiver was ever appointed to his beloved Quinn Group, which he built from scratch from a IR£100 loan, and apologised to the Irish public for shifting assets and not taking the legal route against the bailed-out lender.

“We didn’t do it well, we made lots of mistakes,” he said.

“If you’re saying to me: ’Are we white? am I white?’, absolutely no way.

“For 64 of my 66 years I made very little mistakes. I ran my business very very well.

“Did I make mistakes in the last two years? Did my family make mistakes in the last two years? Yes, I did.

“Do I apologise here now in public for that? Yes, I do.

“Is it small fry compared to the overall assault that has been launched on us and taking over our companies and destroying them? It’s an absolute disaster.”

The contempt centres on a High Court order made in June and July 2011 which told Quinn, his son, Sean Quinn Junior, and nephew, Peter Darragh Quinn, not to act to put assets in their international property group (IPG) beyond the reach of the former Anglo.

Quinn Jnr was freed from Mountjoy Prison’s training unit two weeks ago after serving three months for one count of contempt.

His cousin Peter – son of former GAA president Peter Quinn – remains at large since a similar sentence was imposed in July, but both father and son could face jail again if they continue to defy court orders.

Judge Dunne said Quinn Snr gave his backing to the scheme and found him guilty of breaching court orders in that he deliberately backdated his signature on documents to before the court orders were made, and that was involved in the “Puga payment” of $500,000 to an employee in the Ukraine.

She again rejected his evidence that he played no hand, act or part in the scheme, which the family have admitted they cannot untangle.

Judge Dunne also noted there was a “degree of contradiction” in Quinn’s stance that he still did not accept that he was in contempt of court, but had indicated he was attempting to and committed to purging it.

“There is no doubt that the bank has had to engage in extensive litigation in multiple jurisdictions in its efforts to recover the assets,” she continued.

“Unfortunately, the overall position is that, despite the efforts of the bank to date, that have not succeeded.”

Judge Dunne said she was taking into account Quinn’s bad health, his good character before this case, how his enterprise became the one of the largest in the country, his close links with the GAA and his charity work, but warned that his contempt involved serious conduct and mandated a term of imprisonment.

“It is important to ensure that orders of the court are complied with and that the integrity of the court system is not set at naught by an egregious breach of a court order.”

In her original ruling on the contempt, Judge Dunne said the three Quinn men consciously defied and misled the courts as they shifted family assets as far afield as Ukraine, Russia and Belize and put the punitive element of Quinn Snr’s sentencing for contempt was on hold to see what measures he takes to recover assets.

Barristers for Quinn yesterday claimed he was committed to purging his contempt and made an “impassioned plea” for him to remain a free man given his serious health conditions and his attempts to assist the bank.

But IBRC told the judge that Quinn had not reversed the asset-stripping scheme he sanctioned, and that the bank has continued to encounter fraudulent activity and delays orchestrated by the family to prevent the recovering of assets in Russia, Ukraine and India.

IBRC will also tell the judge next week if it wants Quinn Jnr to take any further steps to reverse the asset-stripping scheme.
By:
Vubiant
When: 02 Nov 12 15:23
No surprise at all this guy would play the prison / martyr card....that will go down a treat in border bogland.
By:
vantastic54
When: 02 Nov 12 15:24
Amazing all this carry on to give somebody 9 weeks in jail.Guilty of contempt send to jail do not release until money recovered.The quinns will never accept the reality of the situation.A failed gambler in all but name.
By:
Arklearkle
When: 02 Nov 12 17:34
In a way one has to feel sorry for Sean senior. But they are just "thicking" it out - imagine a martyr in prison for Christmas. Meanwhile the tax-payer is left to pay. They should be left there until they reverse what they have done.
By:
thegalwayman
When: 02 Nov 12 17:59
How on earth could anyone feel sorry for him? I feel sorry for the people he previously employed who are now out of work, but it was his outrageous punting that landed them in that mess.
By:
den perry
When: 02 Nov 12 23:29
Bring back hanging
By:
JayTrumpOldTomDubbl
When: 04 Nov 12 22:52
Now I just can't understand this at all. The Irish Bank Resolution Corporation, formerly Anglo Irish Bank, is bringing in the Fraud Squad to look, I presume. at what the Quinn family are supposed to have done. If my recollection is right wasn't the Fraud Squad supposed to be investigating Anglo before it was re-named by the great Alan "super" Dukes. Didn't the authorities seize evidence including Pc's from that bank, very early after it going bust.How the hell can they be in a position to call in the Fraud Squad, now.This is beyond belief.
I believe that if there is evidence of wrong doing here by any of the parties, it should be an organ of the State i.e the DPP's office, or the AG's office, that should be doing the investigating, on behalf of the Irish people, and not the bankers who have huge salaries, and plenty questions to answer themselves.
By:
kingrat
When: 05 Nov 12 18:21
"get my pack of cards"........u have got to admire this geezer,hes done his bollix in 1 unmerciful gamble and yet he remains positive....get a card school going in mountjoy and the 9 weeks will fly byLaugh
By:
Rocketfingers
When: 05 Nov 12 21:01
I was delighted when i found out this guy was going to the clink i have to admit, will richters march on Dublin now demanding their leaders release?
By:
mightymoyes
When: 05 Nov 12 21:31
kingrat he may hope he isnt gambling with credit in there or he'll be leaving with no knee-caps.
By:
kingrat
When: 05 Nov 12 21:42
nobody will go near quinn in there .....hes 1 of the boys
By:
JayTrumpOldTomDubbl
When: 07 Nov 12 23:36
I hope all the do-gooders posting on here, who may think that the former Anglo is pursuing the Quinn family on behalf of the Irish people, will now now have a re-think, following the news that as many as 5 staff at this busted bank have received salaries of upto half a million euro per head, for a years pay. Absolutely disgraceful. Sean Quinn was correct when he said that the media should look into this Anglo crowd a bit more.
I thought that the Irish Government put Alan "super" Dukes in there as a minder for the government and the people. Some minder. He should resign, immediately. Its just disgraceful how he let this happen, but of course he has become one of the banker boys, and to hell with the costs to the taxpayer.
By:
wildmanfromborneo
When: 08 Nov 12 00:16
When Alan Dukes was asked about salaries at Anglo some time back he told the government to mind their own business,we now know why.
Rather than drawing down these ludicrous salaries they should be working for nothing as an act of atonement.
The other bankers who have these massive pensions should be charged with treason for misrepresenting their position to get the infamous guarantee.
By:
Ozymandius
When: 08 Nov 12 08:46
as many as 5 staff at this busted bank have received salaries of upto half a million euro per head

Ok, so who do you want in charge of your bank?

1. The Bhoys, available at minimum wage and can start as CEO immediately due to no other commitments.

OR

2. Keen Leader, who has an alternative offer from Goldman Sachs in London where 500K is chump change but is keen to stay in Dublin for family reasons
By:
Tolmi
When: 08 Nov 12 10:00
I would not often agree with JayTrump but the sheer brass neck of the upper echelons of banking is sickening.The Government should have insisted as a precondition to bailing out any financial institution that any pre bailout contracts with staff be null and void.This argument that they cannot do anything about existing contractual arrangements just shows how naive both this and the previous administration were in their dealings with the banks.
It must be particularly galling if you are a worker in a private company whose pension scheme is being wound down due to poor management/investment decisions.You will be facing a vastly reduced pension even though you employer is profitable.However if you are a civil servant/public sector employee you get an offer of a gold plated early retirement and pension.Better still if you are a banker who caused the whole crash you get an enormous pension paid for from money funded by a "broke" government...mindboggling.
None of this in any way exhonerates the Quinns who engaged in massive asset stripping despite acknowledging owing Anglo hundreds of millions.
By:
mightymoyes
When: 08 Nov 12 18:52
Ozymandius     08 Nov 12 08:46 
as many as 5 staff at this busted bank have received salaries of upto half a million euro per head

Ok, so who do you want in charge of your bank?

1. The Bhoys, available at minimum wage and can start as CEO immediately due to no other commitments.

OR

2. Keen Leader, who has an alternative offer from Goldman Sachs in London where 500K is chump change but is keen to stay in Dublin for family reasons
-----------

either would be an improvement who those in charge before.
By:
JayTrumpOldTomDubbl
When: 08 Nov 12 19:32
In business and in the law of the land there must be adherence to one standard.
However our Minister for Justice, and the Foreign Affairs Minister, completely ignore the verdict of the Supreme Court, (our highest court),and continue with a Referendum that should it succeed may be flawed. However Sean Quinn languishes in jail for contempt of court.
Does that not seem like two standards ?............
By:
Rocketfingers
When: 08 Nov 12 23:00
This is another issue, does Quinn deserved to be in jail for contempt of court yes he does.
By:
Tolmi
When: 09 Nov 12 09:56
An ardent Fianna Fail supporter lecturing about double standards....You could not make it up!CJH,Ray Burke,Liam Lawlor,Pee Flynn and daughter...need I go on?

If you were capable of looking at the two situations objectively you might find that Sean Quinn is in jail for failing to comply with a court order whereas the government have said they will abide by the Supreme Court ruling...The Supreme Court did not state the Referendum should be postponed.A slight difference I would have thought.
By:
Ozymandius
When: 09 Nov 12 10:07
There is no end to the 'whataboutery' tangential arguments from the Quinn supporters all of which are irrelevant.
By:
GANT007
When: 09 Nov 12 11:16
Some day I'm sure the truth will come out.
By:
reb
When: 09 Nov 12 15:36
The truth is already out, Gant,as revealed by the Irish Courts but you either can't see it or choose not to see it.
By:
GANT007
When: 09 Nov 12 21:43
Contempt of court maybe but the big picture I am talking about.
By:
richters
When: 27 Jun 13 10:56
The penny has finally dropped with anglo.........but the usual culprits on here will still have the blinkers on........
By:
JayTrumpOldTomDubbl
When: 27 Jun 13 11:04
Very interesting now to see how this goes, if there is any rally/ies coming up, I am going to go and support this great family. Sean Quinn asked for 5 or 7 years grace in order to be given an opportunity to turn the whole thing around. But, alas the Teachers and Civil Servants knew better, and closed the door on his face. One of the many bad decisions made by our great teachers, auctioneers, solicitors chancers all posing as politicians. None fit to lace his boots.
By:
RoyalAcademy
When: 27 Jun 13 11:26
jay, select your cliche: filthy lucre, money is the root of all evil, power corrupts etc etc

There are no "good guys" in our debacle - greed was good.

For an insight into banking in the City follow the Guardian's Joris Luyendijk's banking blog; the following article isn't a bad place to start:

http://www.guardian.co.uk/commentisfree/joris-luyendijk-banking-blog/2012/apr/30/interdealer-broker-voices-of-finance
By:
JayTrumpOldTomDubbl
When: 27 Jun 13 12:30
Thanks RA..................
By:
reb
When: 27 Jun 13 12:30
Sean Quinn put it ALL on red/black and lost. Not a good strategy for any businessman/investor/gambler. The poorhouse beckoned but he's not in the poorhouse because capitalism has failed and his losses have been socialised.
By:
JayTrumpOldTomDubbl
When: 27 Jun 13 12:57
Perhaps reb, but before SQ placed that money on the table, and before the croupier spun the roulette wheel, the bank had all the slots reserved on the wheel, instead of, as in the old days, just two slots. But the truth will come out eventually.

I find it hard to comprehend that a Minister that had full knowledge of minor traffic offences, has now admitted he knew nought about these tapes. So is he doing his job. on behalf of Joe Public ? The teachers party knew nuttin either, about the tapes. Yet the teachers were put in to deal with the banking debacle yet 3years later they admit to knowing nuttin about these tapes. Are Noonan and Enda doing their job ? All this should have been dealt in their first year in the job, but they care not one iota, and its all about power for these guys, get into office and stay their Bertie like..........
By:
mrcombustible
When: 28 Jun 13 13:43
No sympathy for Quinn, how about his insurance company?? He is so thick he thought the premiums were profit, the man should have stuck to gravel. Got ideas above his station
Page 7 of 7  •  Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Next
sort by:
Show
per page

Post your reply

Text Format: Table: Smilies:
Forum does not support HTML
Insert Photo
Cancel
‹ back to topics
www.betfair.com