Friday 20 October 2017

15 cars missing in new scandal at credit union

Litany of issues as Rush CU liquidated

Rush Credit Union, which is at the centre of the probe Picture: Mark Condren
Rush Credit Union, which is at the centre of the probe Picture: Mark Condren
Charlie Weston

Charlie Weston

Forensic accountants probing bust Rush Credit Union have been unable to work out what happened to 15 cars that were supposed to be prizes in draws.

The cars cost €220,000 in total - but Grant Thornton, which was asked to probe the credit union, was unable to work out who won them.

Serious questions now hang over the prize draws, as there are no available accounts of who entered and what was paid out.

This is just one among a litany of explosive revelations of fraudulent activity, tax dodging, questionable expenses claims and the signing of blank cheques uncovered at the wound-up credit union.

The evidence emerged after the High Court agreed to appoint liquidators to the North County Dublin lender.

Some €450,000 has had to be returned to members, many of whom were entered into the car draw without their consent.

Irish Independent

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