Court grants judgment of €12.4m against two directors of Dublin logisitcs firm

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Liquidators of B Logisitcs allege the directors misused compan funds, indeclared income to Revenue and unlawfully availed of Covid-19 support schemes

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Due to the director’s manipulation of the company’s finances, the liquidators say Mr Alexander and Mr Henry owe the company itself a sum over €6 million.Seeking various orders against the two directors Arthur Cunningham BL, instructed by Barry Cahir of Beauchamps solicitors, for the liquidators, said his clients sought information about payments to and from the company by the directors.

Further smaller transfers of between €8,000 to €7,000 were made from the company’s account to the directors, Ms Hutu and a Paddy Power account, the court heard. There were no objections to the application. Neither Mr Alexander nor Mr Henry, both with an address at ‘Old Trafford’, Ballymadun, Ashbourne, Co Dublin, were present or represented in court.

 

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