03/05/2011

Protest Group To Meet With Bank Chairman

A group protesting against the removal of Sean Quinn from the business empire he founded is to meet with the chairman of the Anglo Irish Bank in Dublin.

The Cavan Fermanagh Leitrim Area Community Action Group wants Mr Quinn to continue as a director of the Quinn Group.

A spokesperson for the delegation, Padraig Donoghue, said appointing a receiver was a mistake.

Mr Donoghue commented: "What was the sense - economic or common - to remove Sean Quinn and his senior board of directors in the Quinn Group?

"Between them they give hundreds of years of experience, they have built the group up over the last 38 years, they know all the contacts they know all the customers and it makes absolutely no sense to remove them."

Chairman of the bank, Alan Dukes, is meeting with the delegation on Tuesday.

Last month, the bank appointed accountants KPMG to take control of the Quinn family shares in the business.

Anglo Irish Bank said they were owed an "enormous" amount of money by the Quinns, which they are not in a position to repay.

(JG/KMcA)

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