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Wed 10 Oct 2008Accounts detail Ganley's stake in US firm

THE IRISH subsidiary of Declan Ganley's Rivada Networks has filed a new set of accounts for 2007 correcting an earlier set that said he had no beneficial interest in its multimillion dollar US parent.

The new set of accounts, received by the Companies Registration Office on Monday, state that Mr Ganley has a 43.2 per cent interest in the US parent. Mr Ganley is the founder and chief executive of the Rivada group.

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