Custom House Capital director gets longest ever disqualification

The longest disqualification in the history of company law was handed down yesterday against a director of a collapsed investment firm found to have misappropriated €66.5m in client funds.

Two other directors of Custom House Capital (CHC) were also given lengthy disqualfications by the High Court from acting as directors of firms. Mr Justice David Keane said former chief executive Harry Cassidy should be disqualified for 14 years, the longest ever handed down.

Investment director John Whyte received a ten-year disqualification while non-executive director John Mulholland was banned for 12 years.