Tech

Altada subject to Garda investigation, creditors told

Liquidator of Cork based AI firm which has since been sold gave an update to creditors

Allan Beechinor and Niamh Parker, who led Altada prior to its liquidation earlier this year

Altada, the technology company whose assets were acquired out of liquidation earlier this year, is subject to an ongoing Garda investigation, the firm’s liquidator has told creditors.

At a meeting to update creditors on Wednesday, John Healy of Kirby Healy Chartered Accountants, who was appointed to wind up the firm in January, said he had been informed of the garda investigation by detectives attached to the Corporate Enforcement Agency (CEA).

The Business Post reported in January that the state’s corporate crime watchdog had commenced an investigation into Altada over allegations of company law and fraud offences.