Garda speed van firm pays out €2.5m dividend to investors

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The owners of GoSafe, the speed van company, have received a multimillion-euro payday from the firm.

The owners of GoSafe, the speed van company, have received a multimillion-euro payday from the firm despite directors warning that it requires significant investment to “maintain existing standards”.

GoSafe was awarded an €80 million contract to run speed vans on behalf of An Garda Síochána in 2009. Xavier McAuliffe, the Co Kerry businessman, and Egis, a French company, own the largest stakes in the company, which is ultimately controlled by an Isle of Man-based firm ...

 

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That's ridiculous 🙄 this money should go into road safety and Gardaí resources 🤬 RSAIreland RightToKnowIE

31,250 x €80 speeding fines 🫠

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