Published Friday, 27 July 2012
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Last Friday, his son Sean Jnr and nephew Peter Darragh Quinn were each sentenced to three months in jail for contempt of court.
While his son is currently behind bars in a Dublin prison, a warrant had to be issued for his nephew's arrest after he failed to turn up at court.
The ex-tycoon says the prospect of prison terrified Peter Darragh.
Sean Quinn had been spared prison to allow him the chance to retrieve property that he and his two relations had put beyond the reach of the former Anglo Irish Bank.
However, it doesn't look as if he expects to make much headway towards getting back that half billion euro empire.
He told Shannonside Northern Sound radio station that he didn't feel there was anything further the trio could do to comply with the court's key demand.
"It's an extraordinary situation where my son is in jail because of these loans and there's people from Anglo being arrested and charged . It is in the hands of the court.
"Unfortunately Anglo are doing everything in their power to avoid the case being heard," he added.
"They're arguing all these small cases - but they don't want to face the big case and the big case is that they loaned us this €2.34 billion and I've no doubt that the money was loaned for the sake of Anglo, that money was never loaned to support the Quinns."
Mr Quinn said that he felt they had been "made scapegoats right from day one, right through the administration of Quinn Direct, right through the guarantees that were given by regulated entities."
In the last 12 months, he said he'd met Peter Darragh Quinn five or six times.
"He did seem to have some desperate fear of prison for whatever reason prison did scare him. Prison scares everybody."
When asked if he himself was scared of prison, he replied: "I'm scared of many things...yes, I am scared of prison."