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    Quinn personally guaranteed loan for Kiev investors

    18.05.12

    Family and friends insulated from any losses

    Bankrupt ex-billionaire Sean Quinn personally guaranteed his friends, associates and family when they piled into the €75m acquisition of a high-risk office building in Kiev in the Ukraine in 2006.

    The guarantee, which the Central Bank last year told the Quinn Group it must honour, means that investors in the fund are guaranteed a steady return on their money and insulated from any potential losses incurred in relation to their investment in the 27,000sqm building.


    Source: Irish Independent

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