Mr Paul Appleby, the Director of Corporate Enforcement, announces that his Office has this afternoon (18 March 2004) secured its first conviction for fraudulent trading against Mr Sean Gannon, a director of Corran Building Services Ltd. (In Liquidation) and other companies.
Naas District Court imposed on Mr Gannon two concurrent sentences of six months (which are suspended for 12 months) in respect of the charges of fraudulent trading and failing to keep proper books. He is also bound to the peace on his own bond of €250 for a period of 12 months.