A British based business woman, Ms Yelene Aust, whose family and herself invested £3.3 million in an Irish based frozen yogurt business, has claimed that their joint investments have been misappropriated by a Tipperary based Company Director.
Ms Yelene Aust, a resident of Oxford, England, claims the money which she and her family invested in a Frozen Yogurt Business and its related Companies has been improperly used by Clonmel-based businessman Mr Michael English, to purchase other assets in his own name and in the names of other firms he now controls.
In a sworn statement to the High Court, Ms Aust has stated that finance within the businesses are missing and company monies were used by Mr English to purchase assets including a villa in Portugal.
The companies, which she alleges Mr English controls are; “My Frozen Yogurt Ltd”; “Yogen Fruz Ireland Ltd”; “Thriving Brands Ltd” and “My Culture Sands Ltd.” Freezing orders were sought over fears that any remaining value in these companies maybe dissipated.
Acting for Ms Aust, Barrister Mr Robert Beatty informed the court that his client now believes that she has been wrongly deprived of her investment by Mr English and she further believes that clear evidence of deception and fraud exists.
Ms Aust has now secured a temporary High Court order to freeze the assets of both Mr. English, latter with an address at Two Mile Bridge, Clonmel, Co Tipperary, and several companies of which both she herself and Mr English are registered directors and shareholders.
Mr Justice Paul McDermott granted her the temporary injunction freezing the assets of several Irish registered companies and Mr English from reducing, moving or dissipating their assets below a value of £2.4 million. The defendant is also required to provide Ms Aust with a list containing details of all assets and bank accounts held within the state.
While Ms Aust became a shareholder and director of the company, her father also invested £2 million and her brother invested £400,000 in this business venture. Ms Aust has stated that Mr English was also due to invest £600,000, but had so far failed to comply.
Options For Farm Families
Picture hereunder shows a section of the large group attending the first ‘Options Workshop’ at the Thurles Teagasc Office. The workshop commenced last night under the guidance of Mr Michael White, Teagasc Options Co-Ordinator in the Tipperary Region.
Teagasc have been running some 12 ‘Options for Farm Families’ workshops nationwide beginning since September / October 2014. These Teagasc Options workshops are expected to provide attendee’s with new thinking, the ability to generate new ideas and hopefully generate additional income both on and off the farm into the future.
Through these workshops, attendee’s will be introduced, each night, to guest farmer speakers who has succeeded in other forms of associated business diversification, and Teagasc specialists will also be on hand to answer your questions and cover a large range of topics discussed.
Just some of these topics which will be covered over the coming weeks are: Assessing your enterprise, Developing your ideas, Food enterprise possibilities, Energy crops, Forestry, Renewables, Organic opportunities, Rural tourism, Marketing, Direct selling, A Business Plan – The Basics, Applications for Grant Aid, Family farm finance, Business supports and Succession.
Booking is essential for these workshops and there is no course fee required to attend, however a small charge will be made in respect of where a bus is required for future farm visits.
The Thurles ‘Options Workshop’ will continue to run for five nights over a period of five consecutive weeks.
For further information contact the Thurles Teagasc Office, (Tel: 0504 21777).
“Eaten bread is soon forgotten”.
Eugene (Surname known but withheld) got his correspondence from Irish Water this morning, pushed through the letterbox in the door of his home here in Co Tipperary. (I sometimes regret we called ourselves Thurles.Info as we get more email communications than a citizens advice bureau.)
Eugene hasn’t opened his correspondence yet, (See Picture taken today).
Eugene began his working career in the summer of 1964. His take home wages for a 50 hour week in a shop back then was £3.6.4., after he had paid his then Social Welfare Stamp. His damp accommodation, which consisted of one room, cost him £1.10.0. per week, including electricity, no cooker and a communal bathroom on the next landing. His remaining salary was used to buy food and allowed also for one trip to the cinema on a Sunday night.
Moving from job to job in search of better payment opportunities Eugene eventually settled here in Co Tipperary and married in mid 1970. He purchased his present small two bed roomed home for £8000.00 one year later, despite constant refusals by banks and other lending agencies, who deemed his income of £60.00 per week, at that time, too small to meet annual repayments. His then employer, anxious not to lose a hard-working loyal employee, had a quite but threatening word with the local bank manager, former guaranteeing to meet any shortfall in the case of future default.
House then purchased, Eugene and wife went on to raise six children, educating four of them to the very highest standards. Two of their children however were born mildly handicapped and today still remain residing at their parents home, an address from which they have never relocated.
At no time ever in their lives have Eugene or his wife ever been arrested, sold drugs, collected Social Welfare Payments, Carers Allowance, Free Travel, Unemployment Benefit or any of the allowances which are their entitlements, in respect of their handicapped children. Both parents, as PAYE workers, have always paid, in full, all taxes down through the years, claimed by the Irish State.
“We made a conscious decision, if possible at all, never to be a burden on the Irish State,” Eugene informed me today.
Eugene currently takes care of his two children and his wife on one standard old age pension around €200 per week. Despite working uninterrupted for some 50 years for various employers and contributing hugely not only to Irish State coffers, but also hugely to the local community, imagine his surprise on receiving the above correspondence, which cannot simply identify his very existence.
“Not that it matters, we won’t be able to afford to pay for water until my wife gets her old age pension in 3-4 years time.” Eugene states with a shameful apologetic tone in his voice. “I’ve lost my independence, I feel a failure. Years ago taxes were levelled on a man’s ability to pay. Rheumatism has me crocked, and despite all the stamps and PRSI I paid down the years, I don’t even have access to a doctor, an optician or a dentist any more, without ready cash in hand.” Eugene continued. “My family doctor requires €50 every three months just to renew children’s prescriptions and I must travel a 118 mile round trip to attend my local hospital,” he states.
It would appear that our Irish Free State government, through Irish Water, have forgotten one more pair of hands that once helped keep a nation fed, yet who sought nothing in return, and Eugene is not the only one.
We have advised Eugene with regards to his true entitlements, with the warning that he may have to fight in order to gain that which is his true entitlement.
Time for that “Lion To Roar”!
Some 200 former councillors will share over €5.4 million in severance payments from twelve local authorities. These same Councillors have either retired or lost favour with their electorate, following the recent Local Elections or through the abolition of Borough and Town Councils.
North and South Tipperary recently merged into Tipperary County Council, will make payments, in all, totalling more than €1 million to its former councillors. The bulk of this payment will go to 49 former county and town Councillors who have already reached the age of 50 and who will receive some €891,583 divided between them.
A further 22 former councillors who have not as yet reached their fiftieth year will be entitled to €191,000 between them, based on the amount they were receiving in representational payments. However, these amounts will have to be recalculated on the pay rate in place at the time each councillor eventually reach their fiftieth year.
Severance Payments For Redundant Co Tipperary Councillors
South Tipperary County Council €318,775
Jack Crowe €64,160; Sean Mc Carthy €61,665; Billy Shoer €37,552; Joe O’Donovan €47,705; Liam Ahearne €33,278; Sean Lonergan €33,278; Sylvia Cooney Sheehan €24,535; Tom Acheson €16,603.
North Tipperary County Council €259,200
Denis Ryan €57, 685; Jim Casey €57,685; Billy Clancy €16,603; Eddie Moran €16,603; John Kennedy €37,142; John Rocky Mc Grath €16,603; Pauline Coonan €35,504 and Virginia O Dowd €21,376.
Clonmel Borough Council €78,240
Brian O’Donnell €27,738; Dinny Dunne €24,165; Gabrielle Egan €9,725; Joe Leahy €8,306; Teresa Ryan €8,306.
Templemore Town Council €64,725
Marcus Wilson €14,239; Jim O Shea €12,083; Lily O’ Brien €13,868; Martin Fogarty €4,151; Maura Byrne €4,151; Michael C Ryan €4,151; Michael Connell €12,083.
Tipperary Town Council €49,801
Anna Tuohy Halligan €12,083; Billy Bourke €13,868; Brian Rafferty €4,151; John Wallace €9,702; John P Hartnett €1,680; Mary Swords €8,317.
Cashel Town Council €44,790
Dan Dillon €12,083; Eddie Bennett €12,083; Joe Moloney €16,475; Maribel Wood €4,151.
Thurles Town Council €30,503
John Kenehan €13,868; Michael Grogan €8,317; Noel O’Dwyer €8,317.
Carrick Town Council €24,920
Patsy Fitzgerald €8,317; Margaret Croke €4,151; Martin Henzey €4,151; Pierce O Loughlin €4,151; Richie O Neill €4,151.
Nenagh Town Council €20,628
Tom Mulqueen €13,868; Jimmy Moran €4,151; Tommy Morgan €2,610.
The Irish Central Bank, since August 1st 2013, has had the power to issue public warning notices in relation to any unauthorised firm they consider are carrying on activities that would require an authorisation from the Central Bank. This power came into being following the enactment of the Central Bank (Supervision and Enforcement) Act in August 2013.
To this end, the Central Bank of Ireland (CBI) today published the name of an unauthorised debt management firm based here in Co Tipperary; naming Smart Resolutions Mediation Limited (Ireland), latter situated at Canopy Street in Cashel, as operating illegally and not therefore authorised to trade.
The firm, understood to be operated by the partnership of Mr Thomas and Mrs Geraldine Quigley, currently act as mediators between banks and distressed mortgage holders, the latter wishing to resolve individual personal financial difficulties in which they currently find themselves.
The Central Bank point out that it is a criminal offence for any unauthorised person or firm to provide financial services in Ireland, latter which would require an authorisation under the relevant legislation for which the Central Bank is the responsible enforcement body.
Any person wishing to contact the Central Bank with information regarding such persons or firms may Telephone (01) 224 4000. This telephone number may also be contacted by any member of the public who wishes to check if a person or firm is fully authorised.