MONEY GOES MISSING AT FERMOY BOXING CLUB
An investigation is ongoing into a large sum of money that seems to have gone missing from the Fermoy Boxing Club accounts. The sum is estimated at €28,000 and it is believed to have gone missing from two financial institutions in the town.
Three club officers, John Bowes – secretary, Pat Bowes – treasurer and Denis Noonan –president, discovered that the money was missing on April 8 last.
A few weeks later, they requested from the acting treasurer, at the time, the production of a financial statement for the upcoming AGM to try to determine if there was an explanation for the missing funds. Their request was allegedly greeted with disdain and it is claimed the person in question never turned up to the AGM.
The gardai are now carrying out an investigation into the matter and the two local financial institutions from where the funds are missing are being ‘cooperative’.
“There are two accounts with Fermoy Credit Union and one account with National Irish Bank,” clarifies Mr. Bowes. Some of the money in the accounts came from grants while the other funds came from sponsorship payments.
It is not the first time that money has gone missing from the club. Two years ago, roughly €6,000 also disappeared from their accounts. The acting treasurer at the time made a complaint to the IABA (Irish Amateur Boxing Association).
“Two years later the complaint is still active and nothing has come out of it. The complaint has been forwarded by the IABA to the Irish Sports Council and then back to the IABA. It is just being passed around. So we made the decision that this time we are going to go directly to the gardai and let them handle the situation,” concluded Mr. Bowes.
The club’s finances were flourishing as a result of substantial public donations following John Mahon’s death, the club’s former chairman.
Thursday 10th July 6:24pm