Jamie Smyth has a story today [sub only] on the out of court settlement between Mike Fagan, the former CEO of the IEDR (the company that administrates the .ie domain registry) and its board of directors. It notes in part:
An affidavit prepared by the chairman of the IE Domain Registry - who is a former chairman of Telecom Éireann - Mr Seán Scanlon, alleges 18 separate matters of serious concern including: substantial overpayment to Mr Fagan having regard to irregular tax treatment of his salary; improper accounting for personal expenses on the company Visa card; a failure to disclose to the board losses incurred by the company; and entering contractual arrangements with parties connected to Mr Fagan without prior board clearance.
The affidavit alleges Mr Fagan removed a substantial amount of company documentation when he visited the company's premises on October 2nd, and that KPMG officials were initially refused entrance to the offices, before they were accompanied by gardaí.
It also alleges that there is evidence that management accounts prepared by the financial controller were altered to present a more positive position on the instruction of Mr Fagan. It is alleged this included the reversal of expenses, incorrectly recognising revenue, window dressing of cash and altering budgets to reduce variances in results.
Mr Fagan's affidavit to the High Court acknowledges that a letter from the IE Domain Registry sent to him in October outlined several alleged irregularities that were purported to have been carried out by him. This affidavit rejects what it describes as "bogus allegations."
It says Mr Fagan feels his exclusion from his post derived from the fact that he had forcefully expressed his opposition to the domination of the IE Domain Registry by an elite from UCD, Telecom Éireann and KPMG. It also alleges that the new IE Domain Registry is attempting to write off substantial debts owed to it in order to create a liquidity crisis that would prompt a "rescue" by UCD. In court this week Mr Fagan claimed the investigation by KPMG is bogus and contrived and in breach of fair procedures and natural and constitutional justice. The IE Domain Registry Ltd denies these claims.
It is unclear whether or not the KPMG report which contains the allegations will be publically released.
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"It's not just a tissue you always use. Ultra-cute character Tissue san arrived!!! from designer: please pet this innocent tissue to be used without any complain every day."
All your Kleenex are belong to us.
Update: Stefan Jones noticed this bizarre panda-fetish character happening in another area of the same website. Mouseover the panda's nether-regions, and very strange, gut-bustingly funny, ill-translated copy pops up.
Link
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