A Cork company director who hiked his insurance coverage before setting his own premises on fire and then trying to claim €200,000 insurance received a 10-year suspended jail term yesterday.

A 47-year-old man, who denied arson causing €200,000 to his own business but was found guilty by a jury, pleaded guilty yesterday to a charge of making a fraudulent insurance claim afterwards.

The 47-year-old man from Passage West who denied arson causing €200,000 worth of damage to a building where his company had its business was found guilty yesterday.

A 47-year-old man from Passage West accused of arson causing €200,000 worth of damage to a building and making an insurance claim by deception denied both charges and went on trial by judge and jury yesterday.

Time hasn’t stood still at Cloonlara, a long bungalow home of more than 1,650 sq ft at Rathankar, between Rochestown and Monkstown in Cork.