Creditors backed by Steve Gidman's Fortress Technology stepped in to rescue the bio-tech start up with "very valuable" IP. Co-founders Brendan Rice and Steve Comby appeared in court to put their concerns about the proposal on the public record.
Fraudulent activity, including misusing funds, are among the allegations made against Gerard Chimbganda, director-shareholder of entities in the Good People group. Scandals include a worker's conviction for forging garda vetting papers.
A provisional liquidator was urgently appointed last week to protect creditors' interest in Clonmannon House, a property valued at circa €4 million. This Monday, the company was wound up following a petition by a Chinese investor.
Four months after the High Court appointed an inspector to WFS Forestry, non-cooperation has been the order of the day. Following a money trail to the UK and Spain, Declan de Lacy is seeking court orders to track down the company's assets.
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