Oireachtas Joint and Select Committees

Tuesday, 23 February 2021

Public Accounts Committee

Horse Racing Ireland: Financial Statements 2019

10:00 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

I thank the witnesses for being with us today. I will concentrate on the cash in transit issue and issues with the Senaca Group. I appreciate the opening statements which outline the details of that. I found it difficult to understand how cash which was being transited became part of the assets of the company being liquidated. Surely the process of putting that cash, which was being transited, into the bank account of the transit company was in itself a matter of fraud. Has there been any investigation into whether fraud took place? One would imagine it did. What measures has Horse Racing Ireland taken to investigate that fraud, work with the Garda and, more important, try to avail of insurance provisions that cover fraud?

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