Commenting also on the abduction, Adrian Barden, Chairman of QIH, has expressed frustration and anger that more has not been done to protect Mr Lunney, who he said "will require some considerable time to recover from the very severe injuries sustained in this brutal attack".
Quinn Industrial Holdings' (QIH) has confirmed this morning that Mr Kevin Lunney, Director and Chief Operating Officer, QIH has been hospitalised following his abduction and a vicious assault that occurred last evening.
Mr Quinn, who was once Ireland's richest man, formerly owned the companies now known as Quinn Industrial Holdings.
He made the comments as part of a comprehensive reply to a question tabled by Cavan-Monaghan Fianna Fail TD Niamh Smyth in the Dáil earlier this lunchtime when she discussed the attack on Mr Lunney.
He was discovered with serious wounds to his face and legs at the side of a road at Drumcoughill, Cornafean in Cavan just before 9pm.
After the company was restructured under new ownership Mr Quinn returned as a consultant, before leaving in 2016 claiming that he had been forced out and "stabbed in the back".
On Thursday Mr Quinn said: "As far as I am concerned, I have moved on and am involved in other things".
Quinn Industrial Holdings said Mr Lunney's and another vehicle were found ablaze in a road near his family home shortly before 7pm on Tuesday evening.
Kevin Lunney was a close associate of the County Fermanagh businessman Sean Quinn and worked with him in his attempts to regain control of the Quinn Group business empire that collapsed in 2012 after Mr Quinn made a disastrous investment in Anglo Irish Bank.
Officers are appealing for information about a silver BMW and black Audi seen driving suspiciously in Derrylin on Tuesday evening.
It is the latest in a series of attacks against the business portfolio once owned by fallen tycoon Sean Quinn, who was declared bankrupt in 2011.
Mr Quinn told Northern Sound radio station: "That man has a wife and kids, so of course I would condemn it totally".
"We are now calling for the police authorities north and south to act quickly and decisively to prevent an inevitable loss of life by bringing those responsible to justice".
"I am disappointed that people are always coming back to me and asking me about this because, since I left there and was sacked from there, the current executives and directors have issued legal proceeding against former directors, managers, staff, neighbours and friends".
His son Sean Quinn Jr said on Wednesday that his family was horrified by the attack on Mr Lunney.
'The people that are carrying out these despicable acts are not doing so for our benefit in any shape or form and we are totally against this type of activity'.
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