Michael McGrath (Cork South Central, Fianna Fail)
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Question 71: To ask the Minister for Finance the position regarding the reports completed by a company (details supplied) into certain corporate governance matters at the former Irish Nationwide Building Society; if the reports have been referred to the Gardaí and the Office of the Director of Corporate Enforcement; and the action being taken on foot of the content of the reports. [36099/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised that confidential and legally privileged reports in relation to Irish Nationwide Building Society (INBS) have been provided to the Central Bank of Ireland (CBI) as the relevant regulatory authority for a building society. This information was relayed to the Gardaí. The Office of the Director of Corporate Enforcement regulates and enforces the Companies Acts and therefore, given that the reports relate to a building society which was not subject to the Companies Acts, the reports were not furnished to the ODCE. I have also been advised that the CBI is continuing their ongoing investigation into INBS and IBRC is cooperating fully with that investigation and has put significant resources in place to do so.