High Court reserves judgment on application for DCC inspector

THE High Court has reserved judgement on the application by the Director of Corporate Enforcement, Paul Appleby, for the appointment of an inspector to DCC.

The hearing follows a Supreme Court finding of unlawful insider dealing by DCC and its former chief executive, Jim Flavin, in the €106m sale of DCC’s stake in Fyffes in 2000.

The hearing of the two day application — the first ever by the Director of Corporate Enforcement — concluded yesterday under Mr Justice Peter Kelly.