Judge Bronah O’Hanlon permitted a liquidator to serve papers on a person connected with liquidated firm the Irish Education and Research Institute, which also traded as the Irish Business School. The school, which taught English to foreign students, closed suddenly in May. Accountancy firm PFK O’Connor, Leddy and Holmes was appointed as liquidator but could not contact the relevant person by email, fax or postal address.
The government has overcharged those with private health insurance by more than €60m in recent years. The overcharging relates to a €600m annual levy imposed by the government on premiums, known as the risk equalisation levy. It is collected by the state for distribution among insurers in proportion to the numbers of over-50s on their books.
But more than €60m collected between 2009 and 2012 was never given back to the insurance industry, where it would have helped to contain upward pressure on premiums.
Sunday Business Post
Secret bonuses of as much as €75,000 per head were paid to at least 50 high ranking Bord Gais staff as part of the deal that saw its energy division sold to a British consortium.
The semi-state company, now rebranded as Ervia, made the bonus payments after Bord Gais Energy was sold to Centrica for €1.1bn as part of the government’s sale of state assets. The sums paid to staff earlier this year ranged from €10,000 to as much as €75,000, amounting to 50pc of some employee’s salaries, according to sources within Ervia. It was paid separately to tax-free payouts of €53.6m shared between 1,000 employees in a share ownership plan.
Four of Europe’s biggest bookmakers have pledged to set up an independent watchdog to police the gambling sector in an attempt to ward off further regulation.
The UK-based watchdog is part of a package of surprise self-policing measures to be announced by the heads of Gala Coral, Ladbrokers, Paddy Power and William Hill today in response to increasing political and public pressure, particularly over gaming machines.
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