Full coverage: Jeff Leo

Wenning Holdings was put into voluntary liquidation in 2023 by Leo, an American businessman and former director of bust AI firm Altada. A liquidator, appointed by shareholders, is now investigating an alleged asset transfer shortly before it was wound up.

In terms of value, the insolvent Cork artificial intelligence firm was described as a "melting ice cube"; without a quick sale staff will leave and there will be nothing left. But a liquidation report has raised "weighty" concerns about the company's borrowings and spending.