Oireachtas Joint and Select Committees
Tuesday, 23 February 2021
Public Accounts Committee
Horse Racing Ireland: Financial Statements 2019
10:00 am
Paul 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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