Businessman the first person convicted of insider trading by court in Republic

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Declan Service (63) arrested last year as part of criminal investigation by Garda National Economic Crime Bureau into share transactions

Declan Service appeared before Dublin Circuit Criminal Court last Thursday and pleaded guilty to one of two almost identical offences. Photograph: Collins Courts

Service appeared before the courts last week and pleaded guilty to one offence after a previous court hearing heard he had told gardaí he was not guilty. However, he entered a guilty plea on one charge of possessing information used in acquiring and disposing of financial instruments. The offence occurred between May 18th and May 22nd, 2020, and was contrary to the European Union Regulations 2016 and section 1368 Companies Act 2014.Renters, homeowners, landlords: Who did best out of Budget 2024?The investigation was into suspect transactions involving shares in a pharmaceutical company.

 

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