During David Moloneyâs eight years as chief executive of Bóthar, and during the period before that when the late Peter Ireton held the position, cash bonuses were paid to some staff at Christmas while the public was being urged by Bóther to forgo giving Christmas presents and instead give the money to the charity.
These payments occurred without the knowledge or consent of the board of Bóthar, the High Court has been told.
Bogus expenditure on charitable causes were used to justify the cash withdrawals that went to the staff, the court heard.
Donations to Bóthar were paid âto fictional projects that were fabricated by Mr Moloney, and othersâ so that cash could be paid to the staff, Bóthar chairman, Harry Lawlor, has told the court.
Former Bóthar CEO admits misappropriation of charity funds
David Moloney resigned his post as the organisation’s CEO in February. By Aodhan O Faolain Tuesday 27 Apr 2021, 2:34 PM 2 hours ago 15,969 Views 0 Comments
Image: PA
Image: PA
A FORMER CEO of the well-known charity Bóthar David Moloney has admitted to misappropriating large amounts of monies donated to the charity for his personal use, the High Court has heard.
Earlier this month Bóthar, whose activities including aiding poor farmers in developing nations through donations of livestock, secured a temporary High Court injunction freezing the assets of Moloney, who resigned his post as the organisation’s CEO in February.
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Legal Affairs Correspondent
The amount of money alleged to have been misappropriated by the former Chief Executive of the Bóthar charity, David Moloney, has increased by just over €300,000 in light of admissions from him, the High Court has been told.
Lawyers for the charity, said Mr Moloney, from Clino, Newport in Co Tipperary, had made significant admissions since allegations that he misappropriated donations to the charity were first revealed earlier this month.
Senior Counsel Frank Beatty said the amount of money alleged to have been misappropriated had now increased from €465,000 to almost €770,000.
He said investigations into the matter were ongoing.
By Aodhan O’Faolain
A former CEO of the well-known charity Bothár David Moloney has admitted to misappropriating large amounts of monies donated to the charity for his personal use, the High Court has heard.
Earlier this month Bothár, whose activities including aiding poor farmers in developing nations through donations of livestock, secured a temporary High Court injunction freezing the assets of Mr Moloney, who resigned his post as the organisation’s CEO in February.
Mr Maloney had initially denied any wrongdoing, however when the matter returned before the High Court on Tuesday Frank Beatty SC for Bothar said his client had been furnished with a letter from its former CEO where he makes several admissions of wrong doing regarding the charity’s monies.