According to Forbes, Sean Quinn, once the wealthiest man in Ireland with a fortune of $6 billion, has been ordered by Dublin’s commercial court to repay $2.26 billion (€1.7 billion) in debts to Irish Bank Resolution Corporation, the nationalized reincarnation of Anglo Irish Bank. The amount represents the largest judgment ever levied against an individual by an Irish court, and comes in addition to a separate judgment brought against Quinn by the court last Wednesday which found him liable for another $554 million (€416 million). Quinn, who declared bankruptcy in Northern Ireland on November 11 and was not present at Monday’s court proceedings in Dublin, called the action “totally pointless,” stressing the fact that he has already been declared bankrupt in the United Kingdom…
Read more at http://www.forbes.com/sites/edwindurgy/2011/11/29/bankrupt-billionaire-ordered-to-repay-2-8-billion-to-bank/
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