DCC chief executive Jim Flavin is set to begin his evidence today in the landmark insider dealing action by Fyffes.

Flavin and DCC deny the insider trading allegations over the sale of its €106m stake in the fruit giant in February 2000.

The last witness on behalf of Fyffes gave evidence in Dublin’s High Court yesterday and the defence opens this morning with Flavin as the first witness for the DCC side.

It is likely his testimony and cross-examination will last several days.

It also emerged in court yesterday that former Fyffes chairman Neil McCann will not now be called as a witness, on the grounds of ill-health, reported the Irish Independent.

The action, which opened in December, enters its 39th day today and is expected to run for several weeks more.

Fyffes called 15 witnesses on its behalf, including chairman, Carl McCann, chief executive, David McCann, and several experts from Ireland, the US and the UK.

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