On the establishment of the Office of the Director of Corporate Enforcement (ODCE) in 2001, the existing functions of the Minister relating to the enforcement of the Companies Acts transferred to the Director of Corporate Enforcement. These functions included the investigation of suspected offences under the Companies Acts and prosecuting detected breaches of the Acts. I, therefore, have no investigative function under the Acts.
The liquidators of Clerys have confirmed that they have submitted a report to the Office of the Director of Corporate Enforcement in accordance with their statutory duties. The Director of Corporate Enforcement is independent in the exercise of his statutory functions.