'€250,000 missing' from exclusive school
Published 06/11/2010 | 05:00
GARDAI have been called in to investigate reports of money missing from one of the country's most exclusive schools.
St Michael's College on Ailesbury Road in Dublin confirmed last night that an apparent misappropriation of funds had been uncovered and that a garda investigation was under way.
It is understood that the amount involved is substantial, with sources claiming that anything from €200,000 up to €250,000 could be missing.
It is believed concerns about the money were raised during the summer and that inquiries were immediately put in place.
Gardai from Donnybrook station have been involved in the investigation for the past few weeks. The disclosure of the apparent misappropriation is a serious embarrassment for the college which has 600 pupils and which charges €4,900 in day fees.
But an official statement said that the Boards of Management -- St Michael's also runs a junior school -- were happy to be able to offer the reassurance that no public funds have been misappropriated.
The secondary school receives public funds to pay the incremental salaries of most of its teachers.
No state funds, however, are invested in the junior school. The statement also stressed that the quality of education offered by St Michael's would not be adversely affected by the investigation. However, it was not immediately clear how the school could make up any shortfall for any missing money.
"While further information is not immediately available, we will make a further statement when we are in a position to do so," added the statement issued by the provincialite of the Holy Ghost order.
St Michael's was founded by the Holy Ghost fathers in 1944 and includes among its past pupils Ruairi Quinn, and rugby notables Keith Gleeson and Simon Keogh. The late Dermot Morgan taught in the school before going on to become a full-time actor.
The college features highly in rankings every year for the number of its students who go on to university.