It is likely that both Mr McGovern and Mr Madafferi were...

It is likely that both Mr McGovern and Mr Madafferi were involved in the unauthorized use of the Company’s funds and had been using some or all of the funds for their own purposes. This included making payments to multiple third parties and entities. Recipients of payments included certain personnel of the Company or entities or individuals associated with them, which warranted further investigation, however no conclusive evidence has been identified to-date that any individual connected to the Company other than Mr McGovern was involved in the likely misappropriation of funds.

What a f*cking whitewash.