Legal

Creditor claims Altada liquidator queried loan to distract from his own misstep

Alan Bruce, one of four lenders of €500k to the troubled tech firm, alleges accountant John Healy’s actions led to cut-price sale of assets

Allan Beechinor and Niamh Parker, co-founders of Altada: controversy over a €500,000 loan. Picture: John Allen

One of the providers of a €500,000 loan to Altada has claimed that the liquidator of the Cork tech business questioned the legality of the transaction to deflect attention from the fact that his actions had led to the firm’s assets being sold cheaply.

Alan Bruce, one of four people who advanced the emergency loan to the firm last September, claimed in an affidavit filed in the High Court last week that John Healy of ...