Director faces trial for looting €80k in pensions

A company director is to go on trial in April accused of looting pension fund contributions of almost 200 employees.

Colm McNulty, director of Limestone Construction, Kilreesk Lane, St Margaret’s, Dublin, is facing prosecution at Dublin District Court for deducting contributions from workers without paying them into a pension scheme.

The Irish Pensions Board took the case when it discovered that his firm had deducted funds totalling €80,000 from his staff which was not remitted to the Construction Workers’ Pension Scheme.