The president of the High Court has ruled only a redacted version of the first report of the inspectors investigating Independent News & Media can, at this stage, be disclosed to INM, the Central Bank, and others, including ex INM chairman Leslie Buckley.
Former INM CEO Gavin O'Reilly and former INM director of corporate affairs Karl Brophy have secured High Court permission to use, for further legal proceedings, materials provided to them during a hearing to appoint inspectors to INM.
The High Court has made directions for the convening next month of a meeting of Independent News & Media shareholders to consider the proposed €145.6 million acquisition of the group by Belgian media company Mediahuis.
The State’s corporate watchdog has said it was “absolutely wrong” for INM to claim it was deprived until March last of information casting doubt on its former chairman Leslie Buckley’s explanation for the removal of data from INM in 2014.
Independent News & Media has a “very high standard” of corporate governance procedures and would have told the State’s corporate watchdog so, had he made it aware he had concerns in that regard, the High Court has been told.
Communications Minister Denis Naughten should remove himself from any media merger decisions unless he issues a public statement accepting he was wrong to discuss Independent News and Media’s (INM) bid for Celtic Media with a lobbyist.
Fianna Fáil leader Micheál Martin has described as “ridiculous” the defence given by Communications Minister Denis Naughten, who had said his call with a lobbyist for Independent News and Media (INM) was “personal”.
Ireland’s largest publishing firm, the stock market-listed Independent News and Media, has been thrown into crisis amid serious allegations by the State’s corporate enforcer that include claims of governance misdeeds and email hacks.
The Data Protection Commissioner is likely to start the investigation into the alleged data breach at Independent News and Media within the coming weeks, as she dismissed any potential conflict of interest in attending an event organised by the company yesterday.
Fianna Fáil leader Micheál Martin has called for the Government and opposition parties to take action to ensure media outlets are not pressured by “overbearing influences” in response to the Independent News and Media (INM) data breach controversy.