The transfer of monies from a firm behind a failing restaurant run by businessman Jeffrey Stokes to another owned by his wife, Pia Bang Stokes, was a fraud under company law, a judge has ruled.

One of the country’s most famous pubs has been sold for “a fraction” of its €12m sale price during the boom.

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THE liquidator of the company which operated the Bang Cafe restaurant in Dublin, wound up with debts of €2.4 million, is proceeding with his bid for orders under Section 160 of the Companies Act disqualifying brothers Simon and Christian Stokes from involvement in the management of any company on grounds of unfitness.