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By Jimmy Cummins

The real tale of the Hoops and Irish Goalkeeper tracing again his younger years turning out to be up on the foot of the Dublin Mountains, via his six winning years with Shamrock Rovers at Milltown after which directly to the notorious govt Stockbroker Inquiry, which nearly made him an outcast and an exile from the land and the folk he enjoyed. For the 1st time, Jimmy releases documentary facts substantiating his claims of impropriety opposed to the Irish govt Stockbrokers Butler & Briscoe, proof "disbarred" and buried by means of the Committee of Inquiry. right here then is the tale of a tender guy who dared to face opposed to corruption, fraud and abuse of energy on the maximum degrees of Irish monetary existence, and finally paid a really excessive expense.

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Mr. Cummins answered that he used to be Mr. Beaton’s right-hand guy; Brendan Briscoe, even though the pinnacle of the enterprise, had primarily been a slumbering accomplice following a center assault. Mr. Agnew requested if Mr. Grehan might have obtained direct orders from consumers and Mr. Cummins acknowledged that he may have and that he was once additionally able to approach the orders. Mr. Beaton were away at the get together of the 1st abuse. The Chairman requested if Mr. Cummins had taken any be aware on the time and he responded that he had no longer, and that it was once years later that he had positioned the evidence jointly. The Chairman requested if it used to be fairly seen that Mr. Grehan’s purported offers have been synchronized with the consumers’ orders and Mr. Cummins spoke back that it was once visible that he used to be taking a flip. The Chairman requested if it have been in a while that Mr. Cummins had taken copies of records, and while he spoke back that it was once, the Chairman acknowledged that the Committee wouldn't see them on that social gathering yet may well desire to at a later date. He requested Mr. Cummins if the orders were in equities, and Mr. Cummins responded they'd, customarily in Canadian stocks for funds. Mr. Goodbody requested if the shares may have integrated Tara, and Mr. Cummins proven that. in keeping with a question from the Chairman Mr. Cummins stated that the files had fairly in actual fact been replaced as a consequence, and that he didn't comprehend on whose directions it have been performed. He agreed with the Chairman that at the first party Mr. Grehan learned he have been stuck and had therefore replaced the files. in keeping with a couple of questions from Mr. Goodbody, Mr. Cummins stated that it was once general to deal in Tara in London instead of in Dublin, and that the brokers in London have been W. N. Middleton. it'll were in might 1973. Butler & Briscoe used Middleton as their major London agent even if they sometimes used others. Mr. Cummins couldn't consider the identify of the person at Middleton who could have performed the dealing yet inspiration it was once Mr. Parry. Mr. Goodbody requested if at the moment Mr. Cummins’s major box of job were in Gilts, and he spoke back that he was once basically serious about reconciliation as Butler & Briscoe have been at the back of with the paintings; that were the most explanation for having been requested to affix the company. He had spotted the irregularities in Equities simply because list playing cards made out for either forms of offers got here to him. He had one other colleague facing Gilts - a Mr. Ted Donaghy. The Chairman requested how lengthy Butler & Briscoe retained patron files, and Mr. Cummins stated that he was once acutely aware the have been in simple terms required to maintain them for seven years and that the files in query had nonetheless been on the enterprise while he left. The Chairman then proceeded to paragraph (b) in Mr. Cummins’s letter. The Chairman requested if Mr. Cummins thought of that the practices have been equivalent to these within the Equities formerly pointed out, and Mr. Cummins answered that he did. Orders have been bought out there via the enterprise as executive dealer - it used to be a slightly heavy time in Irish Gilts - and the govt. dealer was once presupposed to refer huge purchases and big revenues to the dept of Finance for costs.

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