Boylesports launches High Court action against branch manager over 'missing' money
Published 05/09/2013 | 19:57
BOOKMAKERS Boylesports have launched High Court proceedings against one of its branch managers over an alleged missing €562,200.
Last night Boylesports obtained orders preventing Ronan Crowley, who is the manager of the Castle Street Shop in Cork City, from reducing or dissipating his assets below €650,000.
It claims Mr Crowley deliberately failed to lodge monies taken in at the branch with its bank and misappropriated monies for his own use.
Mr Justice Michael White also granted Boylesports orders restraining Mr Crowley, with an address at Carrig Downs Carrigtwohill Co Cork from dealing with or dissipating any monies allegedly missappropriatied by him from his employers.
The orders were granted on an ex-parte basis (one side only represented in court). The Judge adjourned the matter to next Monday. The Judge also gave Boylesports permission to inform various financial institutions about the making of the orders.
This was to help the company track down the money it claims is missing.
Seeking the orders barrister Paul Fogarty Bl for Boylesports said the company commenced an inquiry after a pattern of serious irregularities involving the Castle Street Branch were discovered, counsel said.
Counsel said the pattern of irregularities date from between November 2011 and August of this year. The irregularities did not take place when Mr Crowley was on holidays. It is also claimed Mr Crowley is the only person with the access and opportunity to misappropriate these funds.
Mr Crowley has been with the company since 2007 and was made a manager of the Castle Street Branch in 2009. He has been suspended as a result of the allegations, counsel added.
A spokesman for Boylesports said afterwards the company had taken steps to deal with the financial irregularities it had only discovered in the last week. No customer accounts had been effected, the company stressed.
The spokesman added a complaint in relation to the irregularity has been made to the Gardai.