Numerous transactions relating to property purchases, fund transfers, loans and takeovers involving the Peter McVerry Trust homeless charity took place without the knowledge or approval of its board. The findings were made in a damning report published today following a year-long investigation by inspectors appointed by the charities regulator. According to the report, he claimed the sale may not have completed if it was known the trust was the buyer. The organisation was not named in the report but is known to be the Capuchin Day Centre for Homeless People. But €1.5m of the funds was transferred to another charity related to the trust and was used to pay creditors of the trust.

Source: Irish Independent October 14, 2024 20:52 UTC