Wednesday 21 February 2018

Treasurer has yet to explain charity's 'missing €161,000'

Accountant Greg Walsh
Accountant Greg Walsh
Shane Phelan

Shane Phelan

A charity treasurer who is alleged to have misappropriated €161,000 has not explained what happened to the money, the High Court has heard.

A meeting has taken place between representatives of Carline Learning Centre and accountant Greg Walsh.

However, barrister Eamon Marray, for Carline, said that Mr Walsh had not co-operated in the manner required.

A solicitor acting for Mr Walsh said that his client had information in his possession but he was still "doing his homework".

Mr Justice Paul Gilligan has now given Mr Walsh until 2pm on Monday to provide an affidavit to the charity.

Mr Walsh had previously consented to orders requiring him to return the cash and explain what happened to it.

The judge said those undertakings were to continue and he adjourned the matter to next Thursday.

The west Dublin charity, which receives more than €500,000 a year from the State, provides educational services for disadvantaged teenagers.

It claims that Mr Walsh diverted cash by making out cheques to his business, Walsh & Company Accountants, and two other companies.

Some of the diverted money was supposed to have been used to cover PAYE and PRSI obligations.

But it is claimed that the cash was not handed over to the Revenue Commissioners, leaving the charity owing more than €72,500 in taxes.

Concerns about financial irregularities stretching back to 2014 first came to the attention of accountants last September.

Irish Independent

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