Still untangling the Custom House mess

A year after the High Court appointed inspectors to failed investment firm Custom House Capital, clients are still in the dark about where their money is, writes Jon Ihle.

21st July, 2012
John Whyte, investment director and Harry Cassidy, chief executive, Custom House Capital. Photo: Richard Baker

One year ago, officials from the Central Bank did something they had never done before: they applied to the High Court to appoint inspectors to an investment firm they suspected of moving client money into property funds without their knowledge or consent.

On foot of that application, Mr Justice Gerard Hogan appointed senior regulators George Treacy and Noel Thompson to the role, thus beginning a three-month investigation that would culminate in an extensive and damning...

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