The High Court has refused to confirm a Central Bank prohibition notice intended to restrict a senior investment fund executive accused of “extremely serious wrongdoing”. In a nearly 200-page judgment, redacted to protect the identity of the former CEO, described as having a “lifelong background in the Irish financial services industry”, High Court President David Barniville found the Central Bank regulatory probe was “vitiated by a series of significant and serious errors” involving many breaches of the investment advisor’s right to natural and constitutional justice and basic fairness of procedures during the entirety of the process.  He also found breaches…

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