Monday 23 October 2017

Bord Gais suspends manager after audit

Anne-Marie Walsh Industry Correspondent

A SENIOR manager at Bord Gais Energy has been suspended after an internal audit found sales figures had been "inflated", the Irish Independent has learned.

It is understood that the employee was suspended just before Christmas after the investigation at the commercial semi-state company uncovered irregularities.

Highly placed sources said that a further investigation into retail sales figures for the past four years at the company has been ordered following the internal audit.

The decision to suspend the senior manager was made after an internal audit revealed serious irregularities in relation to data and information that had been presented to the board.

Bord Gais Energy has blocked the worker from accessing company data and has recovered company property including a laptop and phone.

A number of other staff at the semi-state company have also been interviewed.

The data examined in the audit included Home Team boiler servicing figures, electricity and gas customer losses and 'Big Switch' sales figures and targets.

Bord Gais Energy is the retail arm of the Bord Gais Group and has almost a million customers.

It was instrumental in capturing 20pc of the electricity market in the year after launching its entry into the market.

The 'Big Switch' campaign followed deregulation of the electricity market because of an EU directive.

It offered customers savings of up to 14pc on ESB rates.

Bord Gais Energy serves over 475,000 gas customers and just under 400,000 electricity customers.

Irish Independent

Editor's Choice

Also in Irish News