From top: Conor O Mahony of the Office of the Director of Corporate Enforcement (ODCE): INM CEO Michael Doorly (left) leaving the High Court this afternoon
Kelly rules that ODCE’s application to have court inspectors appointed to #INM should be allowed. ODCE has produced necessary evidence that INM’s affairs may have been conducted unlawfully, in large part due to Leslie Buckley’s dealings with Denis O’Brien while he was INM chair.
— Mark Tighe (@marktigheST) September 4, 2018
The High Court has granted the appointment of inspectors from The Office of the Director of Corporate Enforcement to Independent News and Media
They may be some time.
This afternoon.
The High Court, Dublin
In a 76-page judgement, President of the High Court, Mr Justice Peter Kelly has approved the application by the Office of the Director of Corporate Enforcement [ODCE] to appoint inspectors to Independent News and Media [INM], publishers of the Irish Independent, Sunday Independent and Evening Herald.
In its application, the ODCE alleged there was a culture of deference towards INM’s major shareholder, Denis O’Brien, and it had a suspicion the affairs of the company were interfered with for his benefit.
More as they get it.
High Court Appoints Inspectors To INM (RTÉ)
Earlier: Inmcoming
Update:
Judge Kelly agrees to delay appointments of inspectors until Thursday morning.
— Mark Tighe (@marktigheST) September 4, 2018
To the shredders!
Their logo looks like that of an evil villain group like Spectre or something.
Or an octopus giving birth to another octopus.
Meanwhile the Indo is introducing a paywall and Dinnys bonds in Digicel are considered junk. I think those OReillys have had the last laugh.
As part the proposed bond swap,Digi has issue new bonds.
This decision is not unexpected,if Digi issued its “new bonds” (swap) last week when announcing it,then this investigation which was pending,would not have to have been revealed !
Will try track down the bonds(if they issued),which are governed by US Securities laws,regarding disclosures off ongoing litigation/investigations.
Keep this up lad, i do enjoy dinnywatch. In fact it should be a proper feature on here.
Scottser, we’ve asked.
Oh it’s gonna get good now….I know someone working there and they said it’s a pure madhouse
tell us more
Buy him or her a pint and report back to us.
Please keep us filled in
As in “delete everything!”?
Al Capone was finally convicted and sent to jail for cheating on his taxes.
decision here
http://www.courts.ie/Judgments.nsf/09859e7a3f34669680256ef3004a27de/c3a7a3f213f13e5b802582fe0054b71d?OpenDocument
Do ye not get it lads?
I don’t know if any of ye remember this
https://www.broadsheet.ie/2018/04/19/why-wont-you-let-the-inspectors-in/
But it might confirm what Judge Kelly is going to decide re: costs