Gerry Adams (Louth, Sinn Fein) | Oireachtas source

-----but D2 investors have included Seán FitzPatrick of Anglo Irish Bank and a former Fine Gael Attorney General. Liquidators KPMG have also worked as auditors for D2 Private, so Clerys' liquidators also worked for the purchaser. Are there not clear conflicts of interest there?

If one scrutinises the companies registration office, it lists a man called Rafael Klotz as a director both of OCS Operations and OCS Properties. This gentleman is also the senior managing director of Gordon Brothers. The Bill put forward by an Teachta Tóibín seeks to correct the anomaly which allows unscrupulous employers not to protect their employees' rights. I am making this accusation: this is a perfect example of a few rogue employers severing the legal personality of a company from its directors, thus protecting them from the liability of business obligations to its employees in the case of tactical insolvency. This is a case of tactical insolvency.

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