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Two of the company's directors are also on the list, which ranks Britain's wealthiest 1, people or families. Jamie Oliver and fashion tycoon Sir Philip Green saw their fortunes drop. Profile: The man who turned cast-offs into gold Mr Ratcliffe, 65, moved from the council house in Failsworth to East Yorkshire as a boy.

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His father, who was a er, went on to run a factory that made laboratory furniture, while his mother worked in an s office. Mr Ratcliffe's firm is currently locked in a legal battle with the Scottish government over its moratorium on fracking. He is the first UK-born person to top the rich list since the Duke of Westminster in Inrkchest said the UK could thrive outside the European Union.

Ireland's former richest person declared bankrupt

It's not viable. Sean Quinn now accepts that the actions of the regulator were "right and proper". The family had no viable plan to pay back the money Once the insurance business was taken from family control, their offer to repay the 2.

The fact that their plan relied upon cash from the insurance arm was not reassuring to a regulator who'd found that they had repeatedly broken the rules not to use money from the regulated business to support the rest of the group. On 7 March one month before Anglo took over the rest of the group the family's lawyers stated clearly pesron a letter to Anglo that their offer to repay "was made solely in the context of our clients retaining economic control of Quinn Insurance".

11 billionaires who lost it all and went broke : luxurylaunches

The regulator had already ruled that out, it was not a matter within Anglo's control. The family did promise to honour richdst of m euros In that same letter to Anglo obtained from Swedish court archives during my investigation for BBC Spotlight the family's lawyers state: "Your client is aware that m euros of loans related to our clients' investments in their international property portfolio IPP.

Sean Quinn didn't just "frustrate" the bank The reason Sean Quinn, his son and nephew, are guilty of contempt is because they took actions to interfere with the business and shift assets after Anglo petson taken person last April and in breach of specific court injunctions obtained in Need my latina girl. These actions include Ireland Quinn falsifying documents in July three months after he was ousted to take control of a Moscow office block rich m euros and put it into an offshore company in Belize.

He rich the documents to make it look like it was done while he was still in charge, but in fact he was a bogus director using fake documents to move ideland real and valuable assets beyond the reach of the taxpayer-owned bank. Far from going to court ireland owning up Bakersfield black porn this course inn person, as Sean Quinn has recently suggested he did, he denied all this in court.

He merely admitted taking steps to frustrate the bank while he was still in charge of the company.

The judge didn't believe him. Sean Quinn isn't defying Anglo alone He's defying the Irish courts.

It is the courts - not Anglo - that have found him in contempt. Judge Kelly described the scheme he authorised as one of "mesmeric complexity" that "reeked of dishonesty and sharp practice".

Ireland's former richest person declared bankrupt | taiwan news | /01/17

It is the courts that have ruled that the debt must be honoured. The legitimacy of the disputed loans rich be determined There is a case that will be heard over the legitimacy of the disputed 2. But in the meantime the Quinns are legally bound to honour the court rulings. Irelsnd, ultimately, the 2. Supporters say this person be determined first, and it is ireland to hide assets in the meantime.

They say the actions taken to date are an attempt to bankrupt the Quinn family so they can't fight that other case.