Dáil Éireann Debate, Thursday - 7 October 2004
70 Mr. M. Higgins asked the Minister for Enterprise, Trade and Employment the progress made to date by the Director of Corporate Enforcement with regard to the action he has taken under section 19 of the Companies Act 1990 in regard to certain companies in a group (details supplied); and if he will make a statement on the matter. [23655/04]
View answerThe Company Law Enforcement Act 2001 requires the Director of Corporate Enforcement to perform his functions with respect to the Companies Acts on an independent basis. The director also has a legal obligation to safeguard the confidentiality of information obtained by virtue of the performance of his functions. It is not therefore the practice of the director to report to me on any individual case or issue which is the subject of examination by his office.
It is however a matter of public record that the director has acted under section 19 of the Companies Act 1990, as amended, to require the production by AIB Investment Managers Ltd., of certain documents related to the investigations undertaken by AIB plc into the relationship between Faldor Ltd., AIB Investment Managers Ltd., and former senior AIB executives and other similar matters. In accordance with law, the director will make his own evaluation and decisions in relation to these matters in due course.
