I propose to take Questions Nos. 1 and 2 together.
Since 12 June last I have considered the authorised officer's report on IIB Bank Limited, formerly known as Irish Intercontinental Bank Limited, and I have forwarded a copy, as permitted under section 21 of the Companies Act, 1990, to the High Court inspectors appointed to Ansbacher (Cayman) Limited, the Moriarty and Flood tribunals, the Minister for Finance, the Central Bank and the Revenue Commissioners.
On 27 July last the Ansbacher inspectors obtained a High Court order requiring the issue of a letter of request to the Royal Court of Guernsey in the Channel Islands for the purpose of assisting the inspectors. I expect that it will be six months before this inquiry can be completed.
On 28 July the High Court decided to quash my appointment of an authorised officer to Dunnes Stores Ireland Limited, and Dunnes Stores (ILAC Centre) Limited, under section 19 of the Act. My appeal against this decision will shortly be lodged with the Supreme Court.
On 31 July the inspectors to National Irish Bank Limited and National Irish Bank Financial Services Limited submitted a further interim report to the High Court relating to this inquiry. I hope the inspectors' inquiry will be concluded shortly.
As previously indicated, five examinations of company books and documents are ongoing at present in my Department under section 19 of the Companies Act, 1990. The companies involved are Celtic Helicopters Limited, College Trustees Limited, Guinness & Mahon (Ireland) Limited, Hamilton Ross Company Limited, and Kentford Securities Limited I hope to receive final reports on a number of these companies in the coming months.
The reports on Bula Resources (Holdings) plc, Garuda Limited and National Irish Bank Financial Services Limited are with the DPP. I have no further information on his intentions with respect to any of these reports. My Department has separately instituted proceedings for breaches of the Companies Acts arising from the report on Faxhill Homes Limited