Oireachtas Joint and Select Committees
Thursday, 23 March 2023
Public Accounts Committee
2021 Financial Statements of Enterprise Ireland: Discussion
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
There have been claims that companies have been bought for a nominal fee, such as €10 or €1. Where they were bought by another Enterprise Ireland-funded company, they are not counted as investment losses. Is that the case? Explain how that works. Where there is a write-off and the company is bought by another Enterprise Ireland-funded company, what happens?
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