Friday November 22, 2019

Corporate enforcer contacts Datalex as company losses hit $50m

By Ian Guider

Markets Editor

6th September, 2019

21/03/2017. Maureen Haughey Funeral. Pictured Dermot Desmond attending the Maureen Haughey Funeral in St. Sylvester's Parish Church in Malahide, Dublin. Photo: Sam Boal/

The corporate enforcer has contacted Datalex about its accounting irregularities as the under fire travel software company slumped to a record loss of $50 million.

Datalex said the Office of the Director of Corporate Enforcement (ODCE) has sought a copy of the independent review of Datalex’s books carried out by PwC earlier this year, which found the company may have misstated its accounts for 2018. The company said today that it is fully co-operating with the...

Subscribe from just €1 per month!

or Log in to continue reading

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Related Stories

Last week, in a much-anticipated announcement, the FT said that Lionel Barber would step down as editor in January after 14 years

Vincent Boland | 5 days ago

Ageism is not okay, whether it’s directed at a younger generation or an older one, as an ‘Ok boomer’-spouting Generation Z should know

Nadine O’Regan | 5 days ago

It’s been a turbulent year for the advertising market, but it’s here in the fourth quarter that the real profits are made

Willie O'Reilly | 5 days ago