Judge says liquidator must repay €861k to solvent investment company

The cost of the liquidation are estimated to be €9,533.

Ms Justice Nuala Butler said Gary Lennon was guilty of misfeasance in relation to the affairs of Chempro Investment Ltd. File picture: iStock

A High Court judge has said the former liquidator of a solvent investment firm should repay €861,484 to its liquidation account, representing the vast bulk of sums he paid to himself and his own company in fees and costs out of the liquidated firm's accounts.

Ms Justice Nuala Butler said Gary Lennon was guilty of misfeasance in relation to the affairs of Chempro Investment Ltd. She will make a declaration to that effect and will also order that he repay €861,484.