Independent TD Michael Lowry has been fined €15,000 for filing incorrect corporation tax returns and failing to keep proper books of account.
The judge told him he didn’t think a custodial sentence was appropriate in this case
Earlier, Deputy Lowry and his company Garuda Limited were found guilty of a number of tax offences.
The jury convicted them for filing incorrect corporation tax returns for the year ending 2006 and of failing to keep proper books of account.
The offences arose from a €372,000 commission paid to a third party in the Isle of Man in 2002 by a Finnish refrigeration company.
The jurors were not able to reach agreement in relation to four other charges.
BREAKING Independent TD Michael Lowry and his company Garuda Ltd. have been found guilty of a number of tax offences. The jurors were unable to reach agreement in relation to four other charges. His sentence hearing is due to take place at 3.30pm.
— Frank Greaney (@FrankGreaney) June 26, 2018
