Dáil Éireann Debate, Wednesday - 3 October 2012
54. Deputy Shane Ross asked the Minister for Finance the reason the Central Bank of Ireland did not advise clients of Custom House Capital of the problems that was brought to their notice so that the clients could have stopped investing with Custom House Capital; and if he will make a statement on the matter. [42234/12]
Amharc ar fhreagraI am advised by the Central Bank that where it was aware of information relating to client investments and had substantiated its concerns, it ensured that Custom House Capital advised affected clients and reviewed the information that was provided. I am further advised that in July 2011 the Central Bank received new information, previously unknown, which increased concerns regarding the integrity of client investments. The Central Bank, at that stage, sought the appointment of High Court Inspectors to fully investigate the affairs of the firm.
