DJ Carey, had no Choice, Bless him, Imagine being, Allegedly Conned by your own Sister, DJ must have felt Terrible, back in 2011, to have to, Contact the Fraud Squad. DJ a Icon, in Hurling, a True Gentleman.

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Saturday, Feb 18th 2023

DJ Carey’s €1m ‘fraud’ claim: Hurling legend calls gardai on his own sister over ‘missing cash’

By Larissa Nolan
Updated: 04:23, 9 January 2011

Hurling legend DJ Carey has made a complaint to the Garda Bureau of Fraud Investigation about his own sister, after funds of up to €1m could not be accounted for in the firm they ran together.

A Garda investigation has been under way since the complaint was made, a year ago. The Revenue has also been asked to look into the matter by Carey, 40.

Gardaí are now investigating the finances of his sister, Catríona, 32, who is herself an elite camogie star and multicapped hockey international.

DJ Carey and Sarah Newman

Probe: DJ Carey, pictured with his partner Dragons’ Den star Sarah Newman

Both DJ and Catríona were directors of his firm, DJ Carey Enterprises. Miss Carey stood down from the firm in March 2009. The company’s auditors were unable to affirm the accuracy of its most recent accounts, ‘whether caused by fraud or other irregularity’.

This weekend, Miss Carey was not at the family home in Gowran where she lives with her parents. Her father, John Carey, said he would pass on a message to call. Asked about the fraud complaint and the apparent split between his son and daughter, he said: ‘I think that’s all been sorted out. I don’t think she’ll comment but I’ll let her know.’

Further requests for comment received no response.

Miss Carey trained as an accountant and worked for both DJ’s firm, but she stepped down as a director in 2009.

A source familiar with the details of the case said: ‘There is a huge amount of money involved, as much as €1m.

‘A complaint is needed by the Fraud Squad to activate an investigation and DJ has made that complaint and provided full details.

‘Gardaí have been given relevant documents and bank records and details of money transfers and cheques. There are cheques there that the bank accepted but that DJ denies he ever signed.

‘There are a lot of questions over vehicles and monies being transferred into other individuals’ accounts,’ added the source.

‘It is a very complex case as these cases so often are, and may take some time to get through.

‘The Revenue Commissioners have also become involved as if a person allegedly takes money out of a company, then they should pay tax on that money.

‘DJ is willing to accept that there could possibly be some explanation for all this missing money but he has not found one so far and so has had to go to the Fraud Squad.’

Those who know Mr Carey and his partner, former Dragons’ Den star Sarah Newman, say the matter has caused the former hurler considerable stress.

‘It has caused a huge amount of financial and personal stress,’ said one insider. ‘It has had an effect on his health. The fact that fraud investigations drag on for a long time is only making that worse. It is very frustrating.’

Catriona Carey

Feud: Catríona Carey, seen here playing in the Hockey Action for Ireland tournament, was close to DJ Carey

Auditors for DJ Carey Enterprises, in the company’s 2009 accounts, said they could not obtain all the information necessary to provide ‘reasonable assurance that the financial statements were free from material misstatement, whether caused by fraud or other irregularity or error’.

‘The evidence available to us was limited because we were unable to obtain sufficient and appropriate explanations and evidence from a former employee in respect of a number of transactions recorded in the books of account of the company,’ they wrote.

The accounts show DJ Carey Enterprises lost €497,801 for the year ended March 2009.

They show ‘unvouched-for expenses’ of €164,344, which means this money cannot be accounted for by the company by receipts or payments out.

The auditor notes that the ‘directors intend to recover this amount’ but have written it off for the time being as an ‘exceptional item’.

In excess of €300,000 was spent over the years on vehicles, which business insiders say is far above the normal spend on transport.

It is understood DJ made the initial complaint to Kilkenny gardaí.

Sources close to the Carey family say the bitter row has torn them apart. It is understood that personal attempts were made to resolve the issue but a total breakdown in communication between brother and sister meant this was not possible.

‘It’s the typical family feud over money. It has the power to destroy families and it has certainly driven a wedge between them,’ said one.

‘There are serious ructions going on because of it, with certain members siding with Catríona and others with DJ. It is very upsetting for all involved, and is has become very bitter indeed. It is sad because Catríona and DJ were very close.’

Since leaving DJ’s firm, which has sold cleaning products since 1994, Miss Carey has set up a new company called Carey Cleaning Supplies Ltd with her sister, Liz and mother, Maura, apparently in competition with DJ’s firm.

She has also registered an accountancy practice called Catríona Carey & Co.

Land registry records show that Miss Carey has two houses in Kilkenny city, one in The Grove, Weir View, Castlecomer Road, which she bought in September 2010 with a mortgage from AIB; the other at Parcnagowan, Outrath, which she purchased in July 2006 with a mortgage from the ICS Building Society.

She drives a new BMW X5, according to locals.

Based in his home village of Gowran, DJ Carey Enterprises sells hygiene products to other businesses. It was established in 1994, when initially, DJ’s ex-wife, Christine, was listed as a director. However, her name was removed from company accounts in 2001 and Catríona Carey replaced her as a director.

The Careys’ marriage ended in 2003 and, since then, Mr Carey has been in a relationship with British-born entrepreneur and dotcom millionairess Miss Newman. She replaced Miss Carey as a director of the firm.

The couple live in upmarket Alma Road in Blackrock, Co. Dublin, with Miss Newman’s daughter and son from a previous marriage and Mr Carey’s two sons. Those who know them say they are a very strong couple and are planning a wedding in the near future.

At the time of their split, DJ and Christine Carey were under intense media attention and the news broke just before Kilkenny’s 2003 All-Ireland hurling final against Cork. It was Catríona who spoke out on her brother’s behalf. She told reporters: ‘His marriage has broken down. It happens every day to lots of other people.’

The brother and sister’s particularly close relationship was inspired partly by their mutual love of sport.

She was a star player for the Hermes hockey club and won 72 caps during an eight-year international career before retiring in 2006.

Mr Carey is widely regarded as one of the greatest hurlers of all time. In a senior inter-county career that lasted for 15 years, he won five All-Ireland medals and his tally of 34 goals and 195 points from 57 championship games marks him out as one of the top scorers in the history of the game.

Mr Carey has made more appearances for Kilkenny than any other player and is the county’s third-highest scorer behind Eddie Keher and Henry Shefflin.

Yesterday, Mr Carey would not be drawn on the matter of his sister’s investigation by the Fraud Squad.

He said: ‘I have no comment to make at all.’

Additional Reporting: Niamh Walsh

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