Wednesday 22 November 2017

Ex-mandarin Cardiff takes a punt on shares at posh racehorse auctioneers

Daniel McConnell and Nick Webb

Kevin Cardiff, the former secretary general of the Department of Finance who was a central figure there at the time of the disastrous bank guarantee, has emerged as a gambler in horseflesh.

Cardiff moved to a plum job in the European Court of Auditors as Michael Noonan overhauled the Finance Department. The entry in the latest European register of interests notes he "resigned" as secretary general.

Before departing to Luxembourg to a job that will be worth up to €1.6m over five years, Cardiff faced a torrid time in front of the Public Accounts Committee over how his department had managed to miscalculate the national debt by €3.6bn.

He holds up to 700 shares in bloodstock firm Goffs. "Small beneficial interest in a holding of shares in Goffs Bloodstock agency -- less than 700 shares," his submission states.

His interest is shared by some of the great and the good of Irish business, as the register of Robert J Goff reveals.

Ryanair co-founder and philanthropist Declan Ryan and his family own shares, as does John Magnier -- whose interests stretch from pub chains to hotels and horses.

Cardiff's entry in the European register of interests also notes that he owns a house in Malahide and that his wife is a public servant working with telecoms regulator ComReg.

Sunday Indo Business

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