I no longer own or control the businesses which I have spent my life building up.
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Yes, I am scared of prison. It's the last thing if you are after building up a business over 38 years and you are approaching your 66th birthday and you never owed a man a penny and you feel hard done by and you try to protect yourself and your family and go to prison - if that is the society we are living in, I am happy to accept that.
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The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.
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I was never one to run away from trouble - I intend to continue to fight my corner and try to redeem our reputation in some way. It's very difficult when you see the PR campaign that Anglo have built up against us. A lot of the media would be very anti-Quinn and have fallen hook, line and sinker for the Anglo story where they are the good guys.
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In 2009 we increased the cash in Quinn Direct as we had in 2008. We increased the cash in it in 2010. The outstanding claims were ??0m in March 2010 but Quinn Direct had more business in the U.K. than in Ireland.
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If you've been running a business for 38 years, you're approaching your 66th birthday, you've never owed a man a penny or done anyone any grievance in your life, and you feel hard done-by and try to protect yourself and your family, but go to prison, well if that's the society we're living in, I'm happy to accept that.
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I suppose I was always very greedy. I was never happy with what we had, and I was always looking for new opportunities.
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I believe that Sean Quinn wouldn't be a man at all if he let someone steal his family's assets.
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I am not in the business of pointing fingers or making excuses. However, recent history has shown that I, like thousands of others in Ireland, incorrectly relied upon the persons who guided Anglo and who wrongfully sought to portray a 'blue chip' Irish banking sector.
