The offices of the online gaming company founded by former billionaire SeÃ¡n Quinn and his family were raided by GardaÃ as part of an investigation.
ardaÃ in the northwest region conducted searches of QuinnBet’s offices in Ballyconnell, County Cavan, in conjunction with the company’s accounting firm.
Stephen Kelly, son-in-law of Sean Quinn and managing director of QuinnBet, said he knows why the offices were raided, but is “confident” that the online gambling industry is not the target of the Garda investigation.
“I confirm that a search was carried out on our business premises and our accounting firm in March and we have fully cooperated”, Mr. Kelly said that INo declaration to .
âWe have not been informed of the nature of the case.
“However, we are convinced that this does not relate to the licensed activity of QuinnBet and have not heard from anything more since.”
A statement from An Garda SÃochÃ¡na said: âAs part of an ongoing investigation, GardaÃ recently carried out a number of searches of business premises in the Cavan region.
âAn Garda SÃochÃ¡na does not discuss the identity of business premises / organizations that may be searched as part of an ongoing investigation. “
According to a security source, the search of the premises stems from ongoing Garda investigations into the circumstances of the intimidation campaign against companies previously owned by Mr. Quinn.
The investigation does not concern QuinnBet, the source confirmed.
Two detectives were tasked with investigating the history of the attacks two years ago following the alleged kidnapping and attack of Kevin Lunney, director of Quinn Industrial Holdings, since renamed Mannok.
The investigation was broadened to include several lines of inquiry.
Investigators are also looking into allegations SeÃ¡n Quinn made in gardaÃ a year ago about Quinn Industrial Holdings, now known as Mannok. He was hired as a consultant for the company with a salary of â¬ 500,000 until the relationship deteriorated significantly and he separated from the company in 2016.
Mr. Quinn gave a 35-page statement to detectives last August.
QuinnBet was launched in 2017 and is now partly owned by Brenda Quinn, SeÃ¡n Quinn’s youngest daughter, with the remaining shares being held in trust for her grandchildren.
The company has reported a significant increase in profit and revenue this year.
SeÃ¡n Quinn and his son SeÃ¡n Jnr were directors of Belbridge Consultancy – the company that owns QuinnBet – until May of last year. SeÃ¡n Quinn is no longer involved in the company,
SeÃ¡n Quinn Snr lost control of a business empire that covered glass, cement, insurance and hospitality to the former Anglo-Irish bank for debts of 2.3 billion euros in 2011.
Last year, SeÃ¡n Quinn’s five children made a legal threat against QIH. now known as Mannok, demanding shares in his old businesses.
Sean Jnr, Ciara, Colette, Aoife and Brenda Quinn sent an attorney letter to eight directors of Quinn Business Retention Company (QBRC) demanding that they transfer shares to the family or face “proceedings.”
The children claimed that 22pc that the company owns in the manufacturing companies founded by their father belongs to them.
The directors of the company returned the legal letter to An Garda SÃochÃ¡na.