RTE chiefs have acknowledged the existence of an astonishing secret slush fund worth €1.25million which was used to pay for hospitality and luxury trips abroad for senior executives, their partners and advertising clients.
This was the same fund, a barter account, that was used to syphon Ryan Tubridy’s €75,000 a year secret payments, which enabled the top-ups to remain hidden from most people in RTE.
New RTE chairwoman, Siun Ni Raghaillaigh, was damning of the organisation she now heads at a blockbuster PAC meeting, describing this arrangement as “an act designed to deceive.”
