Rate this post

A firm that sells well being meals supplements and hemp fibre primarily based goods brought Higher Court proceedings against its former chief executive who it claims unlawfully appropriated monies belonging to the firm.

At the Higher Court on Monday Organic Oil and Fibres Ltd, trading as Celtic Wind Crops secured a short-term injunction against Joseph Gavin, whose employment with the firm was terminated late final month.

The Co Louth primarily based firm, represented in court by Frank Callinan SC, Owen Keany BL instructed by Sherwin O’Riordan solicitors, mentioned Mr Gavin’s employment was ended due to ongoing troubles his client had in getting Mr Gavin’s co-operation about particular monetary matters regarding the firm.

Given that the selection was taken to terminate his employment the firm claims that matters have escalated.

It is claimed Mr Gavin transferred dollars to an unknown account from an account the firm holds with a UK primarily based e-commerce firm named Skrill Ltd that bargains with on the internet payments and credit transfers.

It is alleged that Mr Gavin was asked by the firm to return the dollars but has failed to do so.

The firm fears that the defendants may well dissipate funds currently transferred by him, destroy records of these transfers, and take actions to place the funds beyond the attain of the firm.

These actions, it is claimed, have place the company’s money flow at threat.

Stock troubles

The firm also claims that considering that Mr Gavin’s termination it has encountered substantial troubles in accounting for substantial quantities of stock.

It is also alleged Mr Gavin continues to hold himself out as the company’s chief executive, and there had been also troubles in accessing numerous of the company’s electronic systems, which had been set up by Mr Gavin.

As a outcome of these alleged actions the firm sought and obtained a short-term injunction from Mr Justice David Barniville on Monday.

The injunction, which was granted on an ex-parte basis exactly where only 1 side was represented in court, prevents Mr Gavin from accessing, moving or transferring any monies from the company’s bank accounts.

The injunction also restrains Mr Gavin from dissipating any monies currently transferred by him from the company’s bank accounts, removing or destroying any documents that belong to the firm.

He is additional prevented from holding himself out as becoming in the employment of the firm or claiming that he remains as the company’s chief executive.

The judge, who mentioned that enough proof had been place just before the court to enable it to grant the short-term injunction sought, adjourned the matter to a date later this month.

Celtic Wind Crops was set up in 2012, and employs 25 persons, sells and distributes hemp fibre goods such as hemp CBD oil and all-natural well being meals goods to retailers in Ireland and overseas.