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Home Page > News > Wife of Ireland’s former richest man pleads ignorance on bank loan

Wife of Ireland’s former richest man pleads ignorance on bank loan

Patricia Quinn’s tells court she had no knowledge of $4million Anglo loan in her name

CATHAL DERVAN,

IrishCentral Staff Writer

Published Friday, December 16, 2011, 7:47 AM

Updated Friday, December 16, 2011, 11:06 AM

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Sean Quinn, formerly Ireland's richest man

Photo by Business Plus

Further details of how Sean Quinn ran his business empire have emerged in a separate court case taken by the Quinn family against the former Anglo Irish Bank concerning loans of over $3billion.

The Quinns have admitted in that case that the Slieve Russell hotel was handed over to Sean’s daughter Brenda and held in trust for her until her 18th birthday by her mother.

Patricia Quinn and her five children are challenging the bank’s claims that they owe over $3billion. They claim the loans are ‘tainted with illegality’.

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IrelandNorth | Dec 19, 2011, 07:14 AM EST

Revisionist historian and controversial journalist, Kevin Myers told Ryan Tubridy on The Late Late Show that he was called in by Allied Irish Bank to be told he was "under borrowed". Borrowed 50,000 under duress, invested it in property and lost. And they came after him for repayment.

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leahforce | Dec 17, 2011, 10:44 AM EST

Stupidity as a defense? That's one cute hoor.

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CaptainCon | Dec 17, 2011, 08:38 AM EST

Mrs Quinn announces she is too thick to be held responsible. Does this mean she cannot now draw up a will as she is admitting she signs any document that is placed before her without comprehending it? I foresee sniggers at the reading of her will at her Executor's office. 'I, Mrs Quinn, being of sound mind except where debts are concerned...'

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bogsidebunny | Dec 17, 2011, 03:18 AM EST

She played the well known and used cultural trait: "The Irish Gambit": Lie even though you know the world knows you're lying and keep lying**staring the world down**and the world will back off. It works every time on the Emerald Isle.

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RockNReel | Dec 16, 2011, 11:06 AM EST

Of Course she knew what she was signing----as did the other little quinnletts who will probably use the same tactic to try get out of paying their debts. All the pubs and hotels that were transferred into their names now belong to the state and the sooner they get over it the better. It was a ploy to evade paying what they owed and Mrs Quinn should try telling the truth for once !!

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bunkerisland | Dec 16, 2011, 10:38 AM EST

Many a banker as well as his wife and mistresses have been partying hardy during high times. The chickens are coming home to roost. Find yourself a nice hen house because the mansions and hotels belong to the nation.

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bazzarooney | Dec 16, 2011, 10:38 AM EST

Maybe the Quinns and Dunns could spend Christmas together and bemoan to each other how poor they are. Another Christmas fairy tale.

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CaptainCon | Dec 16, 2011, 10:31 AM EST

Sunday night used to be FormSigning Night in the Quinn household. They would all gather in one of the music rooms while Man of The People Quinn would play a tune on the Bechstein as Mrs Quinn and all the little Quinns signed legal documents, flourishing the pens with the adagio ... it is like something from Dickens. Wouldn't these ancient Cavan traditions bring a nostalgic tear to your eye ... when is the mansion being seized?

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Murph46 | Dec 16, 2011, 09:48 AM EST

Isn't it amazing how dumb the rich are when they want to be? We currently have a former politician head of a defunt company who claims he didn't know wher 1.2 BILLION of missing funds went!

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eiregirl | Dec 16, 2011, 09:40 AM EST

Oh, so, right...she's a "mere housewife", I get it. I hear of mere housewives (whatever they are) getting four million euro loans ALLTHETIME. Don't you? Maybe she's one housewife who can clean up his sh*t or just lie about it. Woman Up forgodsake.

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CaptainCon | Dec 16, 2011, 08:41 AM EST

She was listed also as Company Secretary on some ten of those 91 companies which listed her as a director. Company Secretaries have duties which must be carried out under company law and she would have received letters addressed to her as 'Company Secretary' which she presumably wondered about but never understood .... she's full of the brown stuff this lady...

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