Friday 28 October 2016

Accountant who took €161k from charity agrees to asset transfer to help pay back money

Tim Healy

Published 27/07/2016 | 16:11

'Unreservedly apologised': accountant Greg Walsh
'Unreservedly apologised': accountant Greg Walsh

AN accountant who admitted misappropriating around €161,000 of a charity's funds has agreed to the transfer of certain of his assets to help pay back the money.

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Under the terms of an agreement handed into the High Court, Greg Walsh (67) has also consented to judgment being entered against him for the €161,000.

Mr Walsh, of Walsh and Co Accountants, Walkinstown, Dublin, was accountant and treasurer to Carline Learning Centre, a State-funded charity providing education and training for teenagers in Clondalkin, Dublin.

Carline sought a number of orders from the court including one preventing him from disposing or dissipating his assets pending further hearing.

He gave undertakings to that effect and has since apologised for his "fraudulent activities". 

In an affidavit, he also said he had debts of €924,000 and just €5,367 in his bank accounts.

When the case returned before the court Wednesday, Mr Justice Paul Gilligan was told an agreement had been reached between the parties which was handed into court.

Eamon Marry BL, for Carline, said essentially the agreement provided for consent to judgment against Mr Walsh.

The judge granted Mr Marry liberty to re-enter the matter before the court, should it be necessary, which means the case is now at an end unless there is a problem in the future.

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