Altada directors alleged to have ‘perpetrated fraud’ over €500k loan

In an affidavit lodged with the High Court, liquidator John Healy of Kirby Healy outlines “significant concerns” around the emergency loan and charge against the assets of the troubled tech company last September

Allan Beechinor and Niamh Parker were both directors of Altada in September 2022

The directors of Altada, the Cork-based tech firm, perpetrated fraud when the company drew down a €500,000 emergency loan in September last year without securing the prior consent of shareholders, the liquidator of the company has alleged.

The allegations refer to the three directors of Altada at the time of the events last year. The three are Allan Beechinor and Niamh Parker, the husband-and-wife team who were co-chief executives of the company, and Martin O’Brien, ...