The newly installed chairman of the FAI, Roy Barrett, received an €80,000 interest-free loan from his employer Goodbody Stockbrokers, according to accounts filed by the business. The newly installed chairman of the FAI, Roy Barrett, received an €80,000 interest-free loan from his employer Goodbody Stockbrokers, according to accounts filed by the business. Mr Barrett is the long-time head of Goodbody Stockbrokers, the country's second biggest stockbroking firm, where he has been managing director for the past 24 years. A spokesman for Goodbody Stockbrokers said the amount owed on the loan has fallen below €20,000 since the latest accounts were filed. Companies can make loans to employees - though it is relatively unusual - and the debt owed by Mr Barrett to his employer is fully disclosed.

Source: Irish Independent January 17, 2020 02:30 UTC