I assume the Deputy is referring to the case of International Investments Limited, a Gibraltar-registered banking company which, by order of the Gibraltar Supreme Court, has been in liquidation since 1984.
Earlier this year, I ordered a review of my Department's files relating to the company. There have been many allegations over the years about irregularities in the affairs of the company, which was originally incorporated in Gibraltar in 1976 and essentially sprang from an Industrial and Provident Society registered by the Registrar of Friendly Societies in 1975. Many of the investors were from Northern Ireland and the State. The matter had been the subject of several reviews by my predecessors in my Department and investigations by the Garda, the RUC and the official Gibraltar liquidators. The Garda referred the case to the Director of Public Prosecutions who directed that there was insufficient evidence to mount a prosecution.