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Photo of Sean Gallagher in bed with Fine Fail
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Photo of Sean Gallagher in bed with Fine Fail Sceala Irish Craic Forum Irish Message |
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Gerard Delaney Tipperary
Sceala Philosopher
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| Sceala Irish Craic Forum Discussion:
Photo of Sean Gallagher in bed with Fine Fail
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Breaking Irish news.
The image of Sean Gallagher (President of Ireland candidate ) in bed with Fine Fail has been proven a fake.
Images can't really speak a thousand words.
But a thousand words can sink a candidate.
Recent news leaks about Sean Gallagher are going to sink his chances. Sean Gallagher will now be seen as the Fine Fail candidate.
What is that Fine Fail type evading and vague answer about - he is not being demonized for being a member of a voluntary organization. Fine Fail is a political machine that wrecked Ireland. Gallagher's cronies in Fine Fail deserve to get all the demonizing Irish people see fit.
Sold us out to speculators.
Sean Gallagher visited FF tent
PRESIDENTIAL hopeful Sean Gallagher attended the infamous Fianna Fail Galway Races fundraising tent, the Irish Independent has learned.
The tent was a major party fundraiser for 15 years, and attracted some of the country's richest property developers and building firm owners during the Celtic Tiger years.
"He attended a very small number of fundraising events over the years as a grassroots member of Fianna Fail," a spokeswoman for Mr Gallagher confirmed.
"Mr Gallagher did attend the Galway races once, five or six years ago, and visited the Fianna Fail tent for half an hour.
"Mr Gallagher has also attended the annual Cairde Fail dinner a number of times," she added.
When asked when the other events took place, the spokeswoman said it was not possible "with any precision" to detail dates, times and locations as they were not recorded by Mr Gallagher.
Mr Gallagher was asked about his time in the Fianna Fail tent during his visit to Moneygall, Co Offaly, yesterday but he refused to comment.
independent.ie/national-news/gallagher-visited-ff-tent-2907087.html
Gallagher 'a regular guest' at FF dinners - News, Frontpage - Herald.ie
herald.ie › News
SEAN Gallagher was a regular attendee at Fianna Fail dinners and even popped up once in the infamous Galway tent.
Irish Times
Gallagher received loan in 2009 that breached company law
Related
Gallagher received loan in 2009 that breached company law
COLM KEENA, Public Affairs Correspondent
A LARGE loan that breached company law was paid to presidential candidate Seán Gallagher by one of his companies in 2009.
Asked about the matter yesterday Mr Gallagher said it had been brought to his attention by his accountants in 2010 and the money had been repaid.
Illegal loans to company directors was highlighted by the Director of Corporate Enforcement, Paul Appleby, in May 2009 and an amendment to the Companies Act in July 2009 made it easier to prosecute such offences.
Directors who permit or authorise such loans can, on indictment, be liable for a fine of up to €12,700, or up to five years in jail, or both. However, in most instances prosecutions are not proceeded with if the loans are repaid.
Accounts for a company owned by Mr Gallagher, Beach House Training and Consulting Ltd, show he had an €82,829 interest free loan from the company at the end of December 2009. The accounts for the company at that date, show it had net assets of €114,320.
Under company law a director should not have a loan from a company that exceeds 10 per cent of its assets. Mr Gallagher’s loan is for in excess of 70 per cent of his company’s assets.
In 2009 Mr Appleby said illegal loans to directors “increase the risk of companies not meeting their debts to company creditors and other stakeholders.”
Beach House Training was incorporated in November 2008 and its only set of filed accounts are for the period from then to the end of 2009. The directors are Mr Gallagher and his wife. The company is used by Mr Gallagher to charge for personal speaking engagements and to manage an investment he made as part of the Dragon’s Den programme.
The accounts show an issued share capital of €100 and accumulated profits of €114,220. Creditors include the State, with €17,503 being owed in corporation tax and €25,174 being owed in VAT at year’s end.
The company’s accounts were approved by the company’s directors on August 5th, 2010, and make no mention of the loan having been paid off at that date.
“A director’s loan of €82,829 was made available to Seán Gallagher in 2009,” his spokesman said yesterday.
“Upon compiling the accounts for 2009, Mr Gallagher was notified by his accountants that this loan was not in accordance with the Companies Act. Upon being advised of this by his accountants, Mr Gallagher repaid the director’s loan. This will be reflected in the company accounts for 2010.”
Auditors are obliged to report suspected illegal directors’ loans to Mr Appleby’s office. The 2009 Beach House accounts are not audited. Small companies are allowed not have their accounts audited.
irishtimes.com/newspaper/frontpage/2011/1020/1224306126915.html
Alexander O'Neil sings about it.
 
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