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Saturday, 18 August 2012

STATEMENT OF QUINN CHILDREN (17/08/2012)



We are truly shocked and outraged at this action which is the continuation of a calculated and sinister plan to ensure we will not be in a position to regain control of our businesses once the issue of Anglo’s multiple breaches of EU and Irish Law is finally heard before the Courts.
This move marks a new low, even by Anglo’s standards and they continue to do everything in their power to delay, frustrate and hamper the progression of our case through the Courts.
The actions are horrific in circumstances where the very legality of the takeover of our companies is currently awaiting determination before the High Court.
It is truly devastating that the company our father spent a lifetime building in the local area has been divided up and distributed like spare parts. The company has been given away to foreign Banks by Anglo who have no allegiance whatsoever to the local economy, its future growth and sustainability.
This unnecessary liquidation compounds the wrongs perpetrated by Anglo who continue to decimate everything they touch while continuing to line the pockets of professional advisors and foreign bondholders in the process.
We question how Anglo can continue to act on loans that run entirely contrary to EU and Irish Law in furtherance of an illegal and disastrous take over our companies on 14th April 2011, the results of which continue to cause incalculable economic damage.
ENDS
Colette Quinn
Ciara Quinn
Aoife Quinn

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