Dáil Éireann Debate, Thursday - 16 July 2015
282. Deputy Shane Ross asked the Minister for Jobs, Enterprise and Innovation the standard procedure of Enterprise Ireland for investigating claims of fraud, wherein State funds have been invested and lost; and if he will make a statement on the matter. [29871/15]
View answerEnterprise Ireland regards allegations of wrongdoing in companies in which it holds shares (or to which it has provided grants under an existing grant agreement) with the utmost seriousness.
There are provisions in Enterprise Ireland’s standard legal agreements which oblige a company in which Enterprise Ireland currently holds shares (or in respect of which there is a current grant agreement) to provide any information regarding its activities sought by Enterprise Ireland or its Agents.
The Audit Committee of Enterprise Ireland would be kept fully informed of any such allegations about a company and the subsequent investigation.
