Investigation raises concerns into company responsible for Galway art house cinema

An investigation has raised serious concerns into the company behind a multi-million euro art house cinema in Galway.

The Charities Regulator found it recorded "no income" over a ten year period, despite receiving state money and donations from the public.

CEO of the Charities Regulator John Farrelly.

Solas - Galway Picture Palace Company CLG transferred its ownership of the cinema to a private company and has since gone into liquidation.

Inspectors found the transfer to Element Pictures took place without conducting an independent valuation of the building.

CEO of the Charities Regulator John Farrelly said: "While there now is an art house cinema in Galway and we welcome this, the lack of oversight and sufficient competence to manage a capital project of this size, really does undermine public trust and confidence in the management administration of other Irish charities."


More in this Section

Two men wearing hoods and carrying a hammer break into house in Down

Coast Guard rescues woman who suffered leg injury in Howth

Arrested humanitarian volunteer from Ireland reunited with mother for Christmas

Timeframe for abortion services introduction unrealistic, says leading foetal medicine doctor


Lifestyle

Renegade cattle make bid for freedom

Preserving the past, looking to future

Allie’s in wonderland

Wild salmon at risk

More From The Irish Examiner