The Anglo trial: in quotes

Thu, Apr 17, 2014, 15:55

“I said what about the regulator and your man said sure they’ll be delighted with it” - Sean FitzPatrick on David Drumm talking about the deal to unwind Sean Quinn’s holding in Anglo.

“On reflection, the concept of these protection letters was an error of judgment and they should not have been issued” - Pat Whelan on letters that changed the conditions of loans to the Maple 10.

“I certainly was not instrumental” - William McAteer on his involvement with the deal to unwind the Quinn holding in Anglo .

“We certainly would have been looking for a solution, there’s no doubt about that” - Con Horan on the desire of the financial regulator’s office to find a solution to the Quinn holding in Anglo.

“I signed whatever documents was put down and I left” - Seamus Ross, one of the Maple 10, on agreeing to borrow money to buy shares in Anglo .

“I don’t recall asking and he didn’t tell me” - Patrick Neary, financial regulator, on not asking Sean Quinn about the size of his holding in Anglo.

“You and the team are doing fantastic work in very trying circumstances and I just want to acknowledge that - we are all rooting for you!” - Gary McGann, former non-executive director of Anglo to fomer chief executive David Drumm .

“The Quinns were doing what they were told to do” - Dara O’Reilly, former financial director of the Quinn Group.

“It was the last roll of the dice” - Matt Moran, chief financial officer at Anglo describing the deal to unwind the Quinn holding in Anglo.

“I was told the board was fully aware of the transaction” - Fiachre O’Neill, head of compliance at Anglo on the state of the board’s knowledge of the deal to unwind the Quinn holding in Anglo.

“I don’t call it a loan; they had invested in our name in their bank” - Sean Quinn Snr on buying shares in Anglo Irish Bank.

“Normally it would be independent” - Tom Reid, banking expert for the prosecution on the role of a credit committee in a bank.

“It was one of those moments you never forget in life” - Michael O’Sullivan, former divisional lending director at Anglo on the day he learnt the size of the Quinn holding in Anglo.

“He told me you’ll probably make no money in this transaction but you’ll be a friend to the bank” - Brian O’Farrell one of the Maple 10.

“I always found all people who worked in Anglo to be honest and truthful, the same as I like to think of myself” - Gerard Gannon one of the Maple 10.