Ex-Quinn Group Executives ‘Very Reluctant’ Witnesses, Court Told

Two former senior executives with the Quinn group are “very reluctant” witnesses in the action by Sean Quinn’s adult children disputing any liability under guarantees for loans of more than €415 million, the High Court has been told, The Irish Times reported. Dara O’Reilly and Liam McCaffrey had left the Quinn group after companies were sold, are now employed by the new owners of Quinn Industrial Holdings and both have been subject to “threats and acts of violence”, their counsel Ross Gorman said. Mr O’Reilly’s car was burned out in an incident where the flames approached his house, he said. Both men had been joined by Irish Bank Resolution Corporation to the proceedings by the five Quinn children against IBRC and receivers appointed over shares and are “very reluctant” participants and witnesses. They, along with Sean Quinn snr, were joined by IBRC as third parties for the purpose of claiming an indemnity against them should the children win their case against the bank. Read more

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