Madam, - The conclusions reached in your Editorial of May 21st and in Colm Keena's analysis of the DCC board's attitude to the Fyffes case are very disturbing, and cast serious doubts on the compliance and regulatory functions in our financial sector.
Dealing with the shares of a quoted company while in possession of price-sensitive information which is not available to the public is insider dealing - no ifs, buts, or maybes. Such actions in other jurisdictions such as the US or the UK would incur severe penalties for the individuals concerned.
If there are some mitigating circumstances they should be made public. If there are not, then the Central Bank and/or the Director of Corporate Enforcement should move to bring this matter to a swift conclusion.
I should add that I have a very small shareholding in Fyffes. - Yours, etc,
MIKE CORMACK,
Ardagh Close,
Blackrock,
Co Dublin.
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Madam,- Should the board of DCC ever need a job, Tom Sawyer never finished whitewashing his aunt's fence. - Yours, etc,
DAVID MURNANE,
Roestown,
Co. Meath.