Courts / Dublin / Report
Property company gets injunction against ex director over 'misappropriated' funds
Summary
Hyde Court Property Company Owners Management Company Ltd, which runs the Hyde Court apartment complex in Dublin 2, has obtained a temporary injunction from the High Court to prevent former director Michael Noonan from dealing with, reducing or transferring funds in an AIB bank account that the company claims were misappropriated by Noonan between July and August 2016. The company alleges that Noonan withdrew more than €115,000 for personal use and that the money was frozen by a 2021 court order following a Garda investigation and criminal prosecution. Noonan, who was removed as director in 2016, has pleaded guilty to theft and false accounting and is due to be sentenced by the Circuit Criminal Court next week. The injunction is intended to preserve the frozen funds until the criminal proceedings conclude, as the company fears the order will lapse once Noonan is sentenced.
Who, what, where, when and why
What: Report matter: Property company gets injunction against ex director over 'misappropriated' funds. Charges or matters: offences including theft and false accounting; three offences. Procedural stage: sentence
When:
- August 2016 Hearing Or Sentence
- 2023-01-27 Publication
Why: However, counsel said that his client is concerned because the 2021 freezing order is due to expire once the criminal proceedings come to an end when Mr Noonan is sentenced next week, and the criminal court has said that it is only going to deal with the issue of sentencing. CNI source report
Case subjects
Applicant
Charges: offences including theft and false accounting; three offences (Admitted)
Plea: Guilty
Outcome: The court heard that, arising out of a garda investigation and criminal prosecution into the complaints about the misappropriation of the monies, Mr Noonan is due to be sentenced next week by the Circuit Criminal Court after he pleaded guilty to offences including theft and false accounting. However, counsel said that his client is concerned because the 2021 freezing order is due to expire once the criminal proceedings come to an end when Mr Noonan is sentenced next week, and the criminal court has said that it is only going to deal with the issue of sentencing.
Places mentioned
- High Court
- Circuit Criminal Court
- Townsend Street
- Kennington Road
- Muckross Park
Topics
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