December date for DCC insider trading report

THE inspector investigating unlawful insider dealing by DCC and its former chief executive Jim Flavin relating to the sale of the DCC stake in Fyffes will present his final report in December.

Inspector Bill Shipsey SC told the High Court he plans to give the companies and 18 relevant individuals whom he has interviewed copies in September of any adverse findings he proposes to make so they have an opportunity to respond before he finalised his report in December.

Mr Shipsey has also indicated his intention to make general recommendations in his final report relating to the corporate responsibility obligations of companies and their directors, officers and advisors.