A man who syphoned off nearly €1m from his business PayPal account to his own bank account has been disqualified by the High Court from acting as a company director for five years.

A company director who was served with legal proceedings last Saturday checked himself into St John of God’s the following day, the High Court has heard.

The High Court has ordered the winding up of Eventelephant, a software firm which creates webpages to advertise and sell tickets for various events.