Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 10 Oct 2008Quinn steps down from board after record €3.25m fine
IRELAND'S RICHEST man, Seán Quinn has resigned from the board of the State's second-largest insurer after his firm was fined a record €3.25 million by the Financial Regulator over multimillion euro loans used for stock market investments.
Mr Quinn, whose multibillion euro group has interests in cement, glass-making, plastics, finance, hotels and leisure operations, was also personally fined €200,000 by the regulator.
Choose a Subscription type - required
