Two individuals disqualified from acting as company directors due to involvement in fuel laundering
Disqualifications are among the longest ever handed down under the Companies Act
Print16 November 2021
Due to their involvement in what the High Court has described as an “extreme” case of fuel laundering, a man from Co. Monaghan and a woman from Co. Armagh have been disqualified from acting as company directors for 15 years.
The disqualifications, which were made last Monday but not previously reported, are among the longest ever handed down under the Companies Act, The Irish Times reports.
The individuals concerned, Paul Devlin, of Castleblayney, Co Monaghan, and Fiona McNally, of Keady, Co Armagh, were not present in court when the application came before Mr Justice Michael Quinn.
The court heard from liquidator George Maloney, represented by Shelly Horan BL, that Gaboto Ltd owed Revenue more than €9 million, including interest and penalties.
The full details of this story as reported by The Irish Times, can be viewed by clicking here.
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