Director accused of looting employee pension contributions

A company director is to go on trial in April accused of looting pension fund contributions of almost 200 employees.

A company director is to go on trial in April accused of looting pension fund contributions of almost 200 employees.

Colm McNulty, director of Limestone Construction, Kilreesk Lane, St Margaret's, Dublin, is facing prosecution at Dublin District Court for deducting contributions from workers without paying them into a pension scheme.

Mr McNulty is charged with 14 counts under the Pension Acts. It is claimed that as an employer he deducted sums from the wages and salaries of staff from July 2006 until September the following year.

In 2008 a bench warrant was issued for his arrest but he did not show up for a court hearing.

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Yesterday at Dublin District Court, Judge John O'Neill heard that Mr McNulty's bail conditions have been agreed. His passport is in the custody of UK authorities and a European arrest warrant has been withdrawn.

Mr McNulty was remanded on continuing bail and ordered to appear again in seven weeks, when he will be expected to tell the court how he will plead to the charges.