Businessman Sean Quinn has defended the management of his insurance companies and said the decision to appoint administrators is causing major damage and threatening thousands of jobs.
Extended interview
This week, the High Court appointed two provisional administrators to run Quinn Insurance Limited as a going concern following an investigation by the Financial Regulator.
In an exclusive interview with RTÉ News, Mr Quinn said there was no question of his company being involved in any impropriety.
He described the Financial Regulator's decision as one of the biggest errors ever in the history of corporate Ireland'.
Mr Quinn also rejected claims by the Regulator and the Minister for Finance that his company had failed to disclose information about its finances until a few days ago.
Around 300 workers from across the Quinn group earlier gathered outside the Dáil to protest against the move.
The workers handed in a letter, calling on the Government to support the workers and to protect their jobs as it has done in the past with the withdrawal of multinational companies.
Donal Crotty, speaking on behalf of the employees, said 'the actions taken by the regulator could result in jobs, business and profits all leaving Ireland with non-Irish companies.'
Mr Crotty called on the Government to 'implement the reversal of provisional administration of Quinn Insurance Limited and also for the ban on writing insurance in the UK to be lifted immediately.'
