High Court to rule on DCC inspector application

THE High Court will rule next week on the Director of Corporate Enforcement’s application to appoint an inspector to business services group DCC following a Supreme Court finding of unlawful insider dealing by DCC and its former chief executive Jim Flavin in the €106 million sale of its stake in Fyffes in 2000.

The application, the first ever by the Director, was heard last month by Mr Justice Peter Kelly who will give his decision on Tuesday.

The Director, Mr Paul Appleby, has said he believes there are “clear and compelling grounds” for appointing an inspector to DCC and its two subsidiaries, S&L Investments Ltd and Lotus Green Ltd.