A decision on the future of businessman Sean Quinn’s consultancy role within his former firm is imminent, it was confirmed this week.
This is despite claims that Sean Quinn had already parted ways with Quinn Industrial Holdings Limited with whom he has had a £400,000 advisory post since December 2014 and that his son Sean Jnr had been ousted from his £80,000 per annum salesman role within the company.
The former billionaire has been ordered to temporarily withdraw demands for a share in QIHL, a seat on the company board and more input into strategic planning of the business.
However the Fermanagh Herald has learned that there are still “ongoing discussions between the company and Sean Quinn” and “no decision has been taken” on the future roles of either men within QIHL. An insider also stressed that any suggestions Mr Quinn or his son had already been sacked from the company was “pre-judging the situation” as “nothing has yet been decided or finalised”.
“There is ongoing dialogue. No formal timeline has been agreed but some kind of resolution will be forthcoming soon,” a source close to the company told the Herald this week.
It’s feared there could be a further escalation of intimidating attacks at the former Quinn businesses along the Cavan-Fermanagh border if the ex-tycoon’s agreement with QIHL is terminated.
Meanwhile QIHL was in the High Court this week seeking the removal of Facebook posts by Concerned Irish Citizens (CIC), set up to support Sean Quinn and his family getting back in control of company operations. In recent times the group has been hitting out at the current management of QIHL through their Facebook page.
The company and its chief executive Liam McCaffrey were given permission last Friday to serve notice of its proceedings on Facebook and the matter returned to court this week.
Last night CIC confirmed they had been contacted by Sean Quinn on Monday. In an email, he stated: “As you are no doubt aware from my media statement of 21st April, I’m currently in discussions with the US Investor Group, that own QIHL.
“While these discussions are confidential, I can confirm that they continue to be positive. It is generally felt that the posts from Concerned Irish Citizens Facebook page are counterproductive to these discussions. While my family and I appreciate the continued support that all members of CIC have shown us over the past number of year, I would request that CIC immediately cease posting further material and close down the Facebook page.”
In response CIC stated: “We have reflected on this request over the last 24 hours and have come to the conclusion that it is in everybody’s best interest for us to respect the wishes of Sean Quinn and to disengage at a time when such sensitive discussions are ongoing.”
The CIC facebook page shut down earlier today.
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Posted: 6:00 pm May 11, 2016