The Director of Corporate Enforcement, Paul Appleby, is the latest high profile civil servant to announce his retirement in order to avoid losing pension and lump sum entitlements.
By leaving now Mr. Appleby will be paid a lump sum of €225,000 of which only the final €25,000 will be subject to tax. He will also receive an annual pension of €73,000.
RTEs Business Correspondent, David Murphy, who described Mr. Appleby as a ‘very important individual’ did his best to make it sound as if Mr. Appleby’s departure was an important event especially in respect of the ongoing ‘investigation’ into Anglo Irish Bank.
Nothing could be further from the truth. If Mickey Mouse is chosen to replace Mr. Appleby the outcome of the Anglo Irish Bank ‘investigation’ will be the same – nobody will be charged, nobody will be jailed.
Mr. Appleby has been in charge of this so called enforcement agency that has never, not once, managed to bring any significant charges against any significant individual or organisation in its ten year history.
The ODCE was established after a series of corporate scandals (read major corporate fraud and criminality).
It was established specifically to deal with corporate fraud and criminality, it has failed totally in its remit.
It has never, not once, managed to nail any significant individual or organisation despite the fact that financial fraud and criminality is endemic within the Irish financial sector.
The ODCE, in common with all other so called enforcement agencies in our blighted country, is a useless toothless tiger and like all other so called enforcement agencies is designed, effectively, to prevent white collar criminals being brought to justice.
As Mr. Appleby heads off into the sunset with his (lottery) lump sum and pension he may feel he deserves his rewards.
If he does then he’s delusional.
In common with many other senior civil servants who were charged with serving the best interests of the Irish people Mr. Appleby has failed in his duty.