Top boys' college in missing €250k quiz
GARDAI have been called in to investigate reports that a "substantial" amount of money is missing from one of Dublin's most exclusive schools.
St Michael's College, on Ailesbury Road, in Dublin, has confirmed an apparent mis- appropriation of funds had been uncovered and that a Garda investigation was underway.
It is understood the amount involved is substantial, with sources claiming that anything from €200,000 up to €250,000 could be missing.
It is believed that concerns were raised during the summer and inquiries were launched immediately.
Gardai from Donnybrook station have been involved in the investigation.
The disclosure of the apparent misappropriation is a major embarrassment for the all-boys' college, which has 600 pupils and which charges €4,900 in day fees -- it also runs a successful junior school.
But an official statement said that the boards of management of the two schools were happy to be able to offer the reassurance that no public funds have been misappropriated.
The secondary school gets public funds in the form of the State paying the incremental salaries of most of its teachers -- no State funds are invested in the junior school.
The statement also stressed that the quality of education offered by St Michael's would not be adversely affected by this development.
However, it was not immediately clear how the school could make up any shortfall for any missing money.
"We will make a further statement when we are in a position to do so," said the statement issued by the provincialate of the Holy Ghost order.
St Michael's was founded by the Holy Ghost fathers in 1944 and includes among its past pupils Ruairi Quinn and rugby stars Keith Gleeson and Simon Keogh.