An Inspector Calls

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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

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

Rollingnews

Update:

To the shredders!

16 thoughts on “An Inspector Calls

  1. Holden MaGroin

    Their logo looks like that of an evil villain group like Spectre or something.
    Or an octopus giving birth to another octopus.

  2. Bonkers

    Meanwhile the Indo is introducing a paywall and Dinnys bonds in Digicel are considered junk. I think those OReillys have had the last laugh.

    1. Johnny

      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.

  3. Optimus Grime

    Oh it’s gonna get good now….I know someone working there and they said it’s a pure madhouse

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