Vol. 524 No. 1
69 Mr. Gilmore asked the Tánaiste and Minister for Enterprise, Trade and Employment the current position in regard to each of the inquiries being carried out by or on behalf of her Department; the progress made in respect of each such inquiry since 12 June 2000; the inquiries in respect of which reports have been referred to the DPP; and if she will make a statement on the matter. [21557/00]
87 Mr. J. O'Keeffe asked the Tánaiste and Minister for Enterprise, Trade and Employment the position in relation to the various inspections and inquiries being carried out by or on behalf of her Department; and when she expects these to be completed. [21242/00]
I propose to take Questions Nos. 69 and 87 together.
Since 12 June last, I considered my authorised officer's report on IIB Bank Ltd., formerly known as Irish Intercontinental Bank Ltd. 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) Ltd., the Moriarty and Flood tribunals of inquiry, 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' inquiry. I expect that it will be at least six months before this inquiry can be completed.
On 28 July last, the High Court decided to quash my appointment of an authorised officer to Dunnes Stores Ireland Company and Dunnes Stores (ILAC Centre) Ltd. under section 19 of the 1990 Act. My appeal against this decision will shortly be lodged with the Supreme Court.
On 31 July last, the inspectors to National Irish Bank Ltd., and National Irish Bank Financial Services Ltd. submitted a further interim report to the High Court relating to their inquiry. I hope that the inspectors' inquiry can be concluded early in 2001.
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 Ltd., College Trustees Ltd., Guinness & Mahon (Ireland) Ltd., Hamilton Ross Co. Ltd., and Kentford Securities Ltd. I hope to receive final reports on a number of these companies in the coming months.
The reports on Bula Resources (Holdings) plc., Garuda Ltd., and National Irish Bank Financial Services Ltd. are with the DPP. I have no 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 Ltd.
Question No. 70 taken with Question No. 24.
