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Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Has the Charities Regulator completed an investigation?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Mr. O'Loughlin has no remit over the JEF.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: When did he become aware of the transaction involving the movement of moneys from the JEF to the-----

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: It was June 2023.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: In this context, then, who instigated the Mazars report?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Who set the terms of reference for Mazars?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: The board did not go to an external body to set the terms of reference. In effect, the IHRB set the terms of reference to investigate itself.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Even when there has been, as Mr. O'Loughlin put it, a correction of an error of €350,000 going from one account to the other and back.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: When was a draft report received?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: When did Mazars begin its review?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Did Mazars give any timeframe for completion?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: I should rephrase my question. Was Mazars asked for a speedy report?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Who is assisting with this undertaking? Who is providing this information?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: Mr. O'Loughlin, though, was not there six years ago.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: The review being undertaken by Mazars has gone back six years. How long has the CFO been on voluntary leave?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: What does "voluntary leave" mean?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: He took the leave himself.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: This question was asked earlier but I missed it with my hearing. Is he being paid?

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: That is all I want to say on the issue. I am conscious of the time. Turning to Mr. O'Loughlin, he said that the JEF is a charity.

Public Accounts Committee: Financial Statements 2022: Horse Racing Ireland
Financial Statements 2022: Irish Horseracing Regulatory Board
(20 Jun 2024)

Verona Murphy: He is on voluntary leave, is not suspended, is being paid and has been on leave for almost a year.

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