Dáil Éireann Debate, Thursday - 17 June 2004
46 Mr. Gilmore asked the Tánaiste and Minister for Enterprise, Trade and Employment if she has received a preliminary report from the Director of Corporate Enforcement into reports of improper activities in a firm (details supplied); and if she will make a statement on the matter. [18047/04]
Amharc ar fhreagraThe 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 Limited of certain documents related to the investigations undertaken by AIB plc into the relationship between Faldor Limited, AIB Investment Managers Limited and former senior AIB executives and other similar matters. In accordance with law, the director will make his own evaluation and decisions regarding those matters in due course.
