Investigation raises concerns into company responsible for Galway art house cinema

CEO of the Charities Regulator John Farrelly.

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.

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

Ireland's birth rate falling but is third highest in EU

Dublin Port head defends decision to cut number of cruise ships

One in five school staff assaulted once a week in Northern Ireland

Ireland will have highest university fees in Europe post-Brexit, according to student union


Lifestyle

Finding your tribe

Irish people living in US lockdowns and fearing for the lives of their children

Ask Audrey: What's the story with dying your pubes?

The Menu: All the latest food news from around the world

More From The Irish Examiner