Press Release from "Concerned Irish Citizens".
Concerned Irish Citizens would like to welcome home Sean Quinn from Mountjoy, and
hope that 2013 will be the year that the people of Ireland obtain answers to questions such as:
1 How much taxpayers money has been spent on Anglo's strategy on Quinn, how
much has been recouped and crucially how does all of this compare with
the 2.8 billion that was on offer from Quinn?
2 At a time when Ireland's emigration rate is on a par with the famine years, why was there
no attempt made by Anglo/Government to work with Quinn or to avail of mediation when
Quinn's proposal committed to retain all jobs and create 1800 additional jobs.
nstead approx. 1600 jobs have been lost to date in Quinn companies since
they were seized from the Quinn family.
3 Why was Quinn Insurance put into administration when the issue of the alleged
cross guarantees, which was brought to the attention of the Central Bank by Quinn, has
still not been clarified. The Quinn family have written to a Dail Committee to try to get
answers and to assist in getting to the bottom of why there is now a call of up to 1.65 billion
on the Insurance Compensation Fund,when a High Court was informed on several occasions
by one of the administrators that there would be no call on the ICF. Why was Quinn Group seized
prior to the legitimacy of the alleged debt being established in a court of law. We were told
that the bondholders took a hit of 50% in the "deal". Is it not the case that they took no hit
whatsoever and if so, why were we misled about this matter?
The most vulnerable people in our society have no choice about austerity and brutal
cuts so the least that they deserve is the truth, nothing more, nothing less.
Concerned Irish Citizens would like to welcome home Sean Quinn from Mountjoy, and
hope that 2013 will be the year that the people of Ireland obtain answers to questions such as:
1 How much taxpayers money has been spent on Anglo's strategy on Quinn, how
much has been recouped and crucially how does all of this compare with
the 2.8 billion that was on offer from Quinn?
2 At a time when Ireland's emigration rate is on a par with the famine years, why was there
no attempt made by Anglo/Government to work with Quinn or to avail of mediation when
Quinn's proposal committed to retain all jobs and create 1800 additional jobs.
nstead approx. 1600 jobs have been lost to date in Quinn companies since
they were seized from the Quinn family.
3 Why was Quinn Insurance put into administration when the issue of the alleged
cross guarantees, which was brought to the attention of the Central Bank by Quinn, has
still not been clarified. The Quinn family have written to a Dail Committee to try to get
answers and to assist in getting to the bottom of why there is now a call of up to 1.65 billion
on the Insurance Compensation Fund,when a High Court was informed on several occasions
by one of the administrators that there would be no call on the ICF. Why was Quinn Group seized
prior to the legitimacy of the alleged debt being established in a court of law. We were told
that the bondholders took a hit of 50% in the "deal". Is it not the case that they took no hit
whatsoever and if so, why were we misled about this matter?
The most vulnerable people in our society have no choice about austerity and brutal
cuts so the least that they deserve is the truth, nothing more, nothing less.
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