Financial consultant to take steps to repay misappropriated monies

The judge said he wanted the Association of Chartered Certified Accountants (ACCA) to be notified so that it could tell the court whether it wished to be a notice party in the case

Mr Justice Brian Cregan said it was a matter of significant concern that, in circumstances where Mr Kennedy admitted misappropriation and breach of duties, that he could continue for a day longer as a liquidator. Picture: iStock

A financial consultant has given a number of undertakings to the High Court to take steps to repay monies he misappropriated from two companies he was engaged to wind up.

Accountant David Kennedy, of David Kennedy Financial Consulting Ltd, Orwell Shopping Centre, Templeogue, Dublin, consented to several orders including judgment against him personally in the sum of €588,301 in favour of the two companies owned by third parties.