The riches to rags story of Derek Quinlan, the Celtic Tiger investor still stuck in bankruptcy
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Earlier this year, The Irish Times gained access to the bankruptcy files of Derek Quinlan, one of the most prolific Irish property investors of the Celtic Tiger period, who lost his fortune in the 2008-09 crash.
Quinlan ended up with €3.5 billion euro of debts, making him the biggest debtor to Nama – the State agency set up after the crash to save the banking system.
This major Irish Times investigation reveals how Quinlan still owes Irish taxpayers €403 million and why he was blocked from exiting bankruptcy last year.
Who exactly is Derek Quinlan and how did he amass so much debt? What do court documents tell us about his lifestyle and current finances, and will his stint in bankruptcy finally end next month?
Today, on In the News, London Correspondent Mark Paul delves into the life and finances of Derek Quinlan.
Presented by Sorcha Pollak. Produced by Declan Conlon and Aideen Finnegan.
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