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Vodafone entitled to Euro 2.3m over bogus orders

A High Court judge has ruled that Vodafone is entitled to over Euro 2.3 million damages against a former financial executive, who conspired to defraud it by buying services for the company which were either never provided or were inadequately provided.

The case came before Ms Justice Mary Finlay Geogeghan for assessment of damages against Mr McGovern and Ms Dixon, of Kildare, and against one of their firms Fusion TV Systems Ltd.

It was claimed Fusion of which Mr McGovern and Ms Dixon were directors, with the help of others, defrauded Vodafone over a five-year period from 2002 by issuing invoices and being paid for services which were not provided at all or were provided by a different company and/or at an inflated price.

The assessment of Euro 2.3 million was made on the basis of a report by forensic accountant, Kieran Wallace of KPMG, who assessed the total amount paid by Vodafone for bogus or inadequate services at Euro 2,386,320.

Counsel for Fusion and the couple said they were not opposing the amount of the assessment, but were appealing the making of the summary judgment orders against them to the Supreme Court. Ms Justice Finlay Geogeghan granted a five-week stay on damages to allow the bringing of an appeal.

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