Sunday 17 December 2017

Jail threat for Gilson in car firm case

Tim Healy

Glenda Gilson and her brother Damien.

TV presenter Glenda Gilson and her brother Damien could face jail unless they provide a statement of financial affairs in relation to a wound-up car sales company of which they are directors.

High Court judge Ms Justice Mary Finlay-Geoghegan warned yesterday they had two weeks to provide the statement or else they would have to appear personally in court to explain why on June 27.

The judge said she wanted to make it clear if they failed to comply, any application to attach and commit them to prison for failure to do so would still stand.

Last March, the Gilson Motor Co, Annaly Drive, Onger Wood, Dublin 15, was wound up by the High Court after it failed to pay €141,937 in taxes to the Revenue.

Ms Gilson and her brother are listed as directors of the car sales company. The order was not contested by them.

The court appointed Gary Lennon of Lennon Corporate Recovery as liquidator.

The court also ordered that both must file a statement of affairs within 21 days and the matter was listed to come before the High Court's Examiner's Court yesterday.

Yesterday, counsel for the liquidator told the Examiner's Court there had been a failure to file that statement of affairs.

Counsel for the Gilsons sought a two-week adjournment saying there had been a "parting of ways" between the directors and their former accountant.

Ms Justice Finlay-Geoghegan said it was extremely serious that the directors were not complying with their obligations and there would come a time when the court would have to attach and commit them to prison unless they did so.

She would also have to deal with the question of costs on June 27 and the directors should be aware of the "full consequences" of that, the judge said.

Irish Independent

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