Oireachtas Joint and Select Committees

Friday, 29 January 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of Companies (Corporate Enforcement Authority) Bill 2018 (Resumed): Department of Enterprise, Trade and Employment

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

It is not well enough resourced at the moment, which is why we have this plan to increase the staff considerably. The budget figures may be a little misleading because there is a €1.5 million underspend. The new agency had probably not got up and running. I am not familiar with the report from which the Senator quoted but I highly doubt the €2.5 billion relates to company law offences. I am sure that if I pulled out the report and looked into it, I would find that the figure relates to a mixture of different offences, probably more on the tax side, the competition side or other sides. I will take a look at the report but I doubt the €2.5 billion relates to company law offences. It may only be a proportion of that, perhaps even a small proportion of it.

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