Waterford Crystal pension fraud case gets go-ahead

THE High Court has cleared the way for a former Waterford Crystal worker, who has alleged fraud by the company in the operation of its pension scheme in the 1990s, to proceed with claims that the Irish Pensions Trust fraudulently concealed his entitlement to seek a deferred pension when he was made redundant.

The decision has implications for more than 200 similar cases.

Thomas Croke has alleged fraud by Waterford Crystal in the operation of the company’s pension scheme in the 1990s. He has also alleged that the IPT, as trustee of the scheme, had certain duties to him when he was made redundant in 1992 but breached those.