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Friday 19 October 2012

An Taoiseach Enda Kenny,



It is not surprising to Concerned Irish Citizens that the call on the ICF re. Quinn Insurance is rising at an alarming rate. Time and time again, I have written to both yourself and the Minister for Finance, to obtain clarification on crucial matters relation to the manner in which Quinn was dealt with and I have been consistently fobbed off by Michael Noonan.

We have asked repeatedly for clarification on why Michael Noonan misled the people of Ireland on the day of the take over of the Quinn Group, when he stated on the RTE Six One news that the bondholders had taken a big hit- in the region of 50% on the Anglo deal on Quinn. Once again, Concerned Irish Citizens call for clarification on this very simple question as we understand that the bondholders took no hit whatsoever.

Secondly, we now request answers to the following questions and as citizens of this impoverished country, it it our right to be provided with direct answers. Refusal to respond appropriately will be dealt with in accordance with the failure to implement natural justice:

1  Are you completely satisfied that Quinn Insurance was  not put into administration erroneously?

2 Why was the Quinn Group, which was valued at 4.3 billion euros taken over PRIOR to the legitimacy of the alleged debt of 2.3billion (which was advanced for the illegal purpose of propping up the share price of Anglo), being established in a court of law, and why has this Government facilitated the spending of over one hundred million euros of taxpayers money in pursuit of Quinn when the legitimacy of the debt has still not been established?

3 How much was Quinn Health sold for and how much has been recouped for the taxpayers in this sale?

4 How much has been recouped to date in the Anglo strategy on Quinn and how much is expected to be recouped? How much taxpayers money has been spent by Anglo in legal and PR costs re. Quinn and crucially how does all of this compare with what was on offer from Quinn. It is a matter of public record that Quinn submitted a business plan which was approved by Deutsche Bank to repay 2.8 billion over seven years (depite the question of the legitimacy of the 2.3 billion). Alan Dukes met with a delegation in Leinster House in May 2011 and he is on record as saying that the reason why the Quinn Proposal was not included for consideration was that Matthew Elderfield made it absolutely clear that he would not consider anything that involved Sean Quinn. It did not go unnoticed that although Dukes is employed by Anglo and presumably works there, that he chose to meet us in Leinster House. Have you questioned both Dukes and Elderfield about the part they played in this scandal and if not, Concerned Irish Citizens now formally request that you do so.

I think that you know that the net is closing and that the truth is about to emerge and that all those who facilitated the greatest corporate scandal in the history of our State will be outed. 

Due to the gravity of the situation for the citizens of Ireland, I now request full clarification on all questions by return and also make formal request to meet with yourself and Michael Noonan to discuss same without delay.


Is Mise,


Patricia GIlheany,


Secretary,

Concerned Irish Citizens.

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