Friday June 5, 2020

CHC executives’ actions were ‘devastating’ to its investors

Directors receive lengthy disqualifications

Ian Guider

Markets Editor

4th December, 2016
John Whyte and Harry Cassidy of CHC were handed down lengthy disqualifications

In the grand scheme of the Irish financial crisis, losses of €66 million by an investment company are a rounding error. The failure of Custom House Capital in 2011 should be a footnote to the great crash. But for the 1,500 or so clients of the investment advisory firm, its collapse is continuing to cause pain.

Last Friday, the High Court handed down its longest disqualification to individuals from acting as company directors. Harry Cassidy, the former...

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