Fingleton moved €500,000 offshore in wake of debt order

rodento

Question is was he in is rights to do this...

http://www.independent.ie/national-news/fingleton-moved-500000-offshore-in-wake-of-debt-order-2995793.html

GSF

rodento wrote: »

Question is was he in is rights to do this...

http://www.independent.ie/national-news/fingleton-moved-500000-offshore-in-wake-of-debt-order-2995793.html

Morally or legally? We might get different answers depending on which you mean!

-Chris-

rodento wrote: »

Question is was he in is rights to do this...

http://www.independent.ie/national-news/fingleton-moved-500000-offshore-in-wake-of-debt-order-2995793.html

I'd be of the opinion that it was morally dubious at best, and probably some form of criminal action at worst.


What do you think?

waster81

ah sure he was 100% correct

A fine example of an Irish business man!

abouttobebanned

If we all managed to get ourselves into his situation we'd all do the same. Simple as that.

rodento

But surely he was getting paid enough in his pension to cover this dept and still live the life he was accustomed to, or are does he have other debtors

murphaph

abouttobebanned wrote: »

If we all managed to get ourselves into his situation we'd all do the same.

Exactly what's wrong with Ireland in one sentence.

Paulzx

murphaph wrote: »

Exactly what's wrong with Ireland in one sentence.

And there are no business shenenagins in any other country? Every other country in the world is morally white as the driven snow?

This type of crap goes on in every jurisdiction. Once money is involved certain peoples morals are non existant.

What Fingers done is wrong and repugnant to me. It is another example of people who made alot of money in the past refusing to honour their obligations.


It is not however unique to Ireland

murphaph

Paulzx wrote: »

And there are no business shenenagins in any other country? Every other country in the world is morally white as the driven snow?

This type of crap goes on in every jurisdiction. Once money is involved certain peoples morals are non existant.

What Fingers done is wrong and repugnant to me. It is another example of people who made alot of money in the past refusing to honour their obligations.


It is not however unique to Ireland

Actually it was the "sure we'd all do it if we could" line that sums up what's wrong with Ireland. Not all of us would of course, but enough would. It's been this way since the British ruled Ireland. The populace saw it as morally ok to get one over on the state, the only problem is this attitude never went away after independence and lives on today. There is no sense of society in Ireland the way there is in more "nordic" countries.

ardmacha

The point is that almost 4 years on there has been nobody found guilty of any offence of any sort for anything that went on. Quite apart from outright criminality there have been few people (if any) barred from being directors for being reckless with shareholder funds, for instance. This would suggest that Irish legislation was grossly deficient compared to everywhere else or that there is a lack of will to use it.

AlekSmart

ardmacha wrote: »

The point is that almost 4 years on there has been nobody found guilty of any offence of any sort for anything that went on. Quite apart from outright criminality there have been few people (if any) barred from being directors for being reckless with shareholder funds, for instance. This would suggest that Irish legislation was grossly deficient compared to everywhere else or that there is a lack of will to use it.

That's all well and good,but the real point is that much of Irelands "success" during the Tiger era was built upon the "Light-Touch" regulation principle.

This principle,in true Irish entreprenurial style,we expanded in every direction up to and including the framing and enacting of Laws,both criminal and civil.

Whether we like to admit it it or not Mr Fingleton,Sean Fitzpatrick,David Drumm and all the other bogeymen (and a few women too !!) did NOT break any laws because,in their fields, there were NO Laws to break.

Successive Governments had,with the active support of an unquestioning electorate,dismantled or otherwise sidelined old,restrictive Laws or their interpretations in favour of the New Irish Order,and the creation of Gold from Base-Metal.

I can remember my late father expressing some concerns in 1977 (?) when domestic rates were abolished (or at least the collection of them) and Motor Tax was reduced to £5 per anum.....

"Where,in the name of Jaysuz are they goin to get the money from"

Sadly that question is as valid now as it was then...?

Paulzx

ardmacha wrote: »

The point is that almost 4 years on there has been nobody found guilty of any offence of any sort for anything that went on. Quite apart from outright criminality there have been few people (if any) barred from being directors for being reckless with shareholder funds, for instance. This would suggest that Irish legislation was grossly deficient compared to everywhere else or that there is a lack of will to use it.

This seems to be the difference between other jurisdictions and Ireland when it comes to white collar crime or dubious business practices.

The same practices occur everywhere but we don't seem to be able to prosecute and punish to the same extent as say America. Whether this is down to deficencies in legislation or other failings I can't say.