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Dáil Éireann debate -
Tuesday, 22 Oct 1991

Vol. 411 No. 4

Written Answers. - Company Liquidation.

Pat Rabbitte

Question:

24 Mr. Rabbitte asked the Minister for Justice if his attention has been drawn to the serious concern which has been expressed to prominent public representatives in Britain and Northern Ireland concerning the affairs of a company (details supplied) in liquidation, and in particular the fact that no prosecutions have been initiated in this jurisdiction in relation to the matter; whether any Garda investigation has been carried out or is under way in regard to this company; and if he will make a statement on the matter.

I am informed by the Garda authorities that the case of International Investments Limited in liquidation, was the subject of a full Garda investigation and that a file on the matter was referred to the Director of Public Prosecutions who directed that there should be no prosecution.

Concern in relation to losses sustained by depositors in International Investments Limited is of course something that is widely shared.

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