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Thu 07 Jul 2010Regulator signed off on €169m loan from Anglo to Quinn
THE EXTENT of the Financial Regulator’s involvement in Seán Quinn’s purchase of almost 15 per cent of Anglo Irish Bank has emerged in a confidential letter seen by The Irish Times.
The prudential director at the regulator, Con Horan, signed off on a €169 million loan from Anglo to the Quinn Group to fund the purchase of the bank’s shares in July 2008.
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