Gardai are investigating the alleged €2million fraud at Rosanna Davison’s father-in-law’s slot machine empire, the Irish Mirror can reveal.
Accounts for the company, which is owned by Richard Quirke, showed alleged misappropriation of funds totalled €1.017million in 2019 and €1.009million in 2018.It is not known how the fraud was committed, but the amounts missing have been written off. He holds shareholder funds totalling €33.6million with most of the company’s wealth concentrated in property with a book value of €34.3million at the end of June 2019.
The breakdown of the 2019 scam is €887,000 under alleged “misappropriation of cash” and alleged “misappropriated bank payments” totalling €130,190. Under the heading of ‘exceptional items’ the breakdown of the cost of the alleged fraud in 2018 is €912,000 under alleged “misappropriation of cash” and €97,203 under alleged “misappropriated bank payments”.