D Wednesday, January 20, 2010 News By Ed Carty Ex-Fyffes chief in clear over stock sale charge Priest abused girl and gave her penance A WOMAN has told a jury that after she was first abused by her local priest in a confessional room he directed her to say ten Hail Marys as her penance and told her not to tell anyone what happened. Father Maeliosa Huallachin, 72, of Seafield Road, Killiney, Co Dublin, pleaded not guilty to three charges of indecent assault on dates between July 31, 1981 and August 2, 1982 when the complainant was between 13 and 14-years-old. The Co Louth woman told the court she started drinking heavily and committing self-harm by the time she was 15 as a result of the incidents. The trial continues before Judge Frank ODonnell in the Circuit Criminal Court.Slip-up: Jim Flavin A BUSINESS chief implicated in a 100million insider-trading case at fruit importer Fyffes did not deliberately break the law, a watchdog has decided. Jim Flavin, former head of investment engine DCC Group, will not be barred from running other companies after a High Court inspector found he had act- ed in good faith in a major stock sale ten years ago and had made a costly but un- intentional error of judgment. The inspector, who likened the long- running case to a corporate plane crash, identified mistakes in the share trade but found it met standards required by law. The suggestion that the dealing was intentionally wrongful on the part of Jim Flavin and of a culture of disrespect for the companies code in DCC can be dispelled, his report found. The inspector said he found Mr Flavin made a simple, costly error in regarding the quality of confidential Fyffes infor- mation he had before the sale. The DCC group paid out about 40million to Fyffes over the case after the Supreme Court found in 2007 Mr Flavin had price-sensitive information about the fruit importer before the sale. The trade, which saw a DCC share- holding transferred to Dutch-based Lotus Green in 1995 before being sold for 106million in 2000, turned a profit of about 80million. The High Court initially found in fa- vour of Mr Flavin, who was on Fyffes board of directors when the deal was traded. The Supreme Court later reversed that decision and Mr Flavin resigned as DCC chief executive in 2008. The DCC group said it welcomed the findings. index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html