Stephen Roche

The damning civil court ruling found Mr Roche deliberately and consciously stripped the assets from his cycling holiday firm rather than repay creditors before ...

He has now been banned from acting as a company director in Spain for seven years and could be exposed to criminal prosecution. ‘Mr Roche was perfectly conscious of its debt situation,’ the judge said. She also dismissed Roche’s claims that accounting records his company had failed to hand over to the insolvency practitioner were in the hotel where he had registered his firm and that he had been prevented from getting to them. ‘Shamrock went into administration on April 26, 2019. The judge pointed to ‘substantial breaches of accountability’ on the part of Mr Roche given his failure to cooperate with his firm’s insolvency practitioner and to abide by Spain’s voluntary insolvency laws. Most of the €733,866 Mr Roche has been ordered to repay is based on the amount the court says he ‘fraudulently and intentionally removed’ from his company.