Garda probe after college hit by €360k fraud

A Garda investigation is being carried out into a fraud at NUI Maynooth after the university reported it had been swindled out of more than €360,000.

Details of the crime which occurred in 2015 have only now emerged following publication of the university’s annual financial statement for the year ending September 2015. It reveals that the university suffered a loss of €362,811 as a result of the fraud which it claimed was perpetrated by a third party.

NUI Maynooth bosses reported the matter to gardaí as well as the Higher Education Authority and the comptroller and auditor general.