Monday 22 January 2018

Boylesports takes manager to court over 'missing' €562k

The Four Courts Dublin.
Pic Steve Humphreys
12th August 2013.
The Four Courts Dublin. Pic Steve Humphreys 12th August 2013.

Aodhan O Faolain and Ray Managh

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 misappropriated 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 began 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. It is also claimed Mr Crowley was the only person with the access and opportunity to misappropriate these funds. Mr Crowley has been with the company since 2007.

He has been suspended as a result of the allegation.

No customer accounts had been affected, the company stressed.

The spokesman added that a complaint in relation to the irregularity had been made to the gardai.

Irish Independent

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