Sean Quinn has told the Anglo trial that he suspected the former bank made a "sweetheart deal" to unwind his 29% shareholding. Ireland's one-time richest man was giving evidence at the trial of three former Anglo directors accused of providing unlawful loans in July 2008.
By the time Sean Quinn's stake in Anglo was unwound in July 2008, the bank share price had dropped from a high of €17.53 to just over €4.
The former billionaire told the court that Anglo gave him €500 million in December 2007 to "fill a hole" in his company as pressure mounted to pay back his broker.
When the share price plummeted by 30% three months later, he reluctantly agreed to sell his stake.
It is alleged former directors Sean Fitzpatrick, Pat Whelan and Willie McAteer then provided unlawful loans to 16 people to buy these shares.
Mr. Quinn said he sought legal advice after his shares were sold because he felt he had been the victim of some sort of "sweetheart deal".
He said he was furious and would never have bought shares if he had known there were problems at the bank.
Sean Quinn finished giving evidence this afternoon before his son, Sean Quinn Junior, briefly took his place in the witness box.
He will continue giving evidence when the trial resumes tomorrow.
Read back on today's proceedings here
