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RTÉ admits paying Tubridy €345,000 more than declared

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  • Posts: 24,207 ✭✭✭✭ Iker Wrong Trainer


    Could you pay Revenue tax by “barter”, eg spare Easter eggs for all the staff in the Revenue office? 🤣



  • Registered Users, Registered Users 2 Posts: 23,060 ✭✭✭✭Strazdas


    What made Deloitte very suspicious was that 'consultancy fees' was such a vague and generic term, especially in the context of a big payment like €75k (and to a guy who was not known for offering consultancy services).



  • Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    It was off balance sheet until (in fairness to him) Collins took over as CFO and insisted it was brought on Balance sheet. I think this is the first year it was actually audited.



  • Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    And also out of a Barter Account which is (apparently) for entertaining clients etc. Not business expenses.



  • Registered Users, Registered Users 2 Posts: 9,016 ✭✭✭jmcc


    His comment about the taxpayers being defrauded and the following question from the PAC may be lethal for a lot of RTE management.

    Regards...jmcc

    Regards…jmcc



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  • Registered Users, Registered Users 2 Posts: 8,698 ✭✭✭Floppybits


    For 200k you would expect him to be on top of his brief and have a team around to keep him informed of potential landmines like this. Not just going along with everything because the DG said so.



  • Registered Users, Registered Users 2 Posts: 4,621 ✭✭✭tobefrank321


    Agreed. False invoicing and concealment is a serious crime from what I can see. There's more than enough for the gardai to get involved, but how to report it is another matter.



  • Registered Users, Registered Users 2 Posts: 7,437 ✭✭✭sporina


    100% - and for him - not being able to say how much he's being paid 🙈



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  • Registered Users, Registered Users 2 Posts: 20,042 ✭✭✭✭kippy


    Oh yeah, there are isolated incidents, but when you think about the examples I have given (and there are plenty more) very little personal accountability or repurcussions exist.

    When the holder of the highest office in the land and former finance minister can get away with saying he didn't have a bank account and people accept it, this give carte blance to the rest of the population try get away with murder with this type of thing.

    20 odd years later and he's talking about running for president. We really are soft.



  • Registered Users, Registered Users 2 Posts: 12,033 ✭✭✭✭Richard Hillman


    Dee Forbes is in serious trouble if it is correct that she gave the alleged misinformation to the CFO.


    I used to work in an accounts department and petty cash expenses was something I worked on. If I or another employee gave an expense bill to the Financial Controller, said it was for one thing but it was for something else that was pocketed for an other employees benefit, I would 1) expect to be sacked and 2) Potentially be reported to the Garda. I wouldn't dream of it. And that's just for petty cash expenses. Not for massive sums with the CFO.


    RTE may also have to stop working with NKM contractors until it is resolved. And as we know, will probably take years.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,693 ✭✭✭✭Bass Reeves


    If Collins is just in the last couple of years it's an absolving factor. However after a year and a half he should not have been as easy on DF

    Slava Ukrainii



  • Registered Users, Registered Users 2, Paid Member Posts: 16,481 ✭✭✭✭Arghus


    Just another day for the PAC if would appear, how's this for comedy gold...

    They'd met earlier on Thursday too, for a session with the Irish Horseracing Regulatory Board (IHRB) - but that meeting didn't go as planned because that board's CFO couldn't attend because he'd taken "voluntary leave" the day before...

    I'll say one thing for Richard Collins, he did at the very least attend.




  • Registered Users, Registered Users 2 Posts: 9,016 ✭✭✭jmcc




  • Registered Users, Registered Users 2, Paid Member Posts: 21,748 ✭✭✭✭y0ssar1an22


    but how can something be off balance sheet unless there is a corresponding hole elsewhere. unless it was designed to be at nil from that start, and at the end of every reporting period.



  • Registered Users, Registered Users 2 Posts: 20,042 ✭✭✭✭kippy


    I watched a bit of the PAC this afternoon. One of the politicials tried to lead the RTE folks into a corner and succeeded. He suggested that the story about the world cup trip made headline news in 2019. He suggested that the board and RTE staffers probably ended up discussing it. Did they not wonder where that money came from at the time to pay for those trips came from? What did they do at the time to review the ins and outs of those trips?

    I cannot recall the stories about it in 2019 but at the very least if true, its extremely poor that they didnt become aware of the barter account at that point.



  • Registered Users, Registered Users 2 Posts: 39 Neferteena


    I don't accept that. I find it intriguing that he offered such a flimsy response to concerns from Deloitte, & not offer to follow it up himself. They then went straight to the ARRC, who then commissioned Grant Thornton. That reads to me that Deloitte felt he was implicated.

    He also had a lot of statutory levers to enable him to reject the payment & still be professionally protected.

    Did anyone notice that The AARC director said yesterday that she is getting Grant T to look further into 'consultant' invoices, as she has concerns that she can't explain what these are for. She wss silent 2day on that, & got off easy on that one.

    Last point Adrian Lynch is far too smooth to be wholesome



  • Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    I'm by no means an expert on this, but as I understand that for some commercial deals, some of the funds are paid directly there instead of to the actual bank account (for lack of a better description) so therefore was never on the books in the first place.

    Also, from reading online, it appears you can use these kinds of accounts to swap services (I'll paint your house, you fix my car), however, if I painted your house and you didn't fix my car, I can cash out the value of that (which is subject to the 35% commission) and this is what happened here.

    Also as an aside, from a quick Google, it appears 10-12.5% commission would be more the norm, so would be interested to know why they were using a service which such high fees.



  • Registered Users, Registered Users 2 Posts: 9,016 ✭✭✭jmcc


    Breakingnews/Examiner is focusing on comments made by Collins.

    This isn't going to end well for RTE management.

    Regards...jmcc

    Regards…jmcc



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  • Registered Users, Registered Users 2 Posts: 53,028 ✭✭✭✭ButtersSuki


    I found this hypothetical re-enactment of a conversation between Richard Collins and Dee Forbes online on the subject of the barter account:

    There’s some poetic licence at play, but you can get the gist of it.



  • Registered Users, Registered Users 2 Posts: 6,953 ✭✭✭archfi


    I want that whole board and executive and 'authority' sacked, preferably rescinding any sweet legislation that was enabled purposely that demands their privacy and 'rights' and 'wellbeing' and all the usual bull that protects their 'class' because that is why those laws are there, not for you and I.

    I want the 'stars' including Kielty to be paid a salary commensurate with the size of the fcking kip (ie, approx 150k for him x 30 shows = 5k per shtty show and he can count himself lucky.

    I want Leo Varadkar/Simon Harris/ Michael Martin et al to shut the fck up and stop soundbiting on it because it gets them column inches.

    I don't want activist journalists and I want an independent news/current affairs team that aren't waiting for the opportunity to be the 'special advisor' to the Minister of Nothing.

    I want a no 'talent' side to RTE, I want a full PSB that doesn't hang their hopes on imbeciles like Tubridy, Duffy and D'Arcy or at minimum, pay them minimum that they are worth, like where the hell are these 'talents' going to go.

    I want accountability not a sham of accountability.

    If ever there was a light shone on the way the State side (and class) of this country works, this is it.

    "What does that even mean, vetting?"

    -Michael Martin



  • Registered Users, Registered Users 2 Posts: 2,537 ✭✭✭mrslancaster


    Ah right, the barter exchange is a broker service. RTE has an account with Astus who trades their advertising slots, other Astus clients 'pay' for the slots with goods or services then Astus charges fees to both clients.

    Do those types of brokers provide the bookkeeping, tax returns etc for clients?

    How would the CFO not know about such an arrangement?



  • Registered Users, Registered Users 2 Posts: 19,750 ✭✭✭✭bucketybuck


    Cash what out? To cash out there needs to be cash in, and promises to fix cars didn't make physical cash appear so where did it come from?



  • Registered Users, Registered Users 2 Posts: 1,924 ✭✭✭paddyisreal


    Even if the guards got involved they would do **** all. Anyone remember the kwetb and the garda fraud squad etc looking into them ? 5 years later and they completed their work with not one person up in court . Same would happen with rte the can would be kicked down the road till another scandal came along. The kwetb scandal puts rte in the halfpenny place with millions unaccounted for.



  • Registered Users, Registered Users 2, Paid Member Posts: 8,687 ✭✭✭MrMusician18


    Post edited by Boards.ie: Paul on


  • Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    Honestly not sure I'm afraid, my first thought was the exchange might cover it from membership fees etc but I can't now think of a valid reason for them to that.

    This is genuinely based on me spending half an hour googling it earlier, I could be interpreting this completely wrong.



  • Registered Users, Registered Users 2 Posts: 13,016 ✭✭✭✭Rothko


    The Tubridy defenders have been silenced. Although, their attempts before have been embarrassing.

    On another note, Noel Kelly comes across as a total sleezeball.



  • Registered Users, Registered Users 2, Paid Member Posts: 8,687 ✭✭✭MrMusician18


    It hasn't been explained as the mechanics of the barter account are not all that relevant to the crisis at RTE, other that to explain the sky high fee.

    On this platform it seems you can exchange goods and services for credits, so transactions are effectively purchases. When you cash out these credits, the exchange charges a hefty fee for facilitating the trade. It seems it's more of a mix of barter and marketplace, rather than barter only.



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  • Registered Users, Registered Users 2 Posts: 12,033 ✭✭✭✭Richard Hillman


    I was listening to Liveline the day after the news broke. Those thick rural aul wans would still defend it. Yizzer all begrudgers etc. They are complete thickos. You'd have no hope only they are aul wans and are in the twilight of their years.



This discussion has been closed.
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