Method of disposal of city arthouse cinema criticised by Charities Regulator

Galway Bay fm newsroom - The disposal of assets by the trustees of a charity behind the arthouse cinema in the city has been criticised in an investigation by the Charities Regulator.

The investigation into Solas - Galway Picture Palace CLG found that the decision to dispose of the charitable assets to a private third party operator didn't demonstrate adequate levels of care and skill.

The Charities Regulator concluded that Solas transferred charitable assets without any independent valuation or competitive disposal process.

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