Written answers
Wednesday, 17 April 2024
Department of Finance
Financial Irregularities
Paul Murphy (Dublin South West, RISE)
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13. To ask the Minister for Finance the action taken by his Department in response to important information given in a letter to the then Minister in relation to loans to a company (details supplied). [16800/24]
Paul Murphy (Dublin South West, RISE)
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14. To ask the Minister for Finance if he has concerns about a non-bank lender being supplied with State funds, given allegations reported in the media of its involvement in lending money to an apparent front organisation (details supplied); and if he will make a statement on the matter. [16802/24]
Paul Murphy (Dublin South West, RISE)
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15. To ask the Minister for Finance the reason the Ireland Strategic Investment Fund divested from an organisation (details supplied); and if he will make a statement on the matter. [16803/24]
Michael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 13 to 15, inclusive, together.
As regards the letter referenced by the Deputy I understand that, in the time available, a review of my private office’s correspondence system and a Department wide request for sections to review correspondence received has not sourced a copy of the letter referenced in Parliamentary Question 16800/24. I also understand that the Department has received no protected disclosures related to this matter. Therefore, I cannot comment on any potential actions taken in the absence of the receipt of the letter referenced by the Deputy.
As regards the disposal of its investment in Finance Ireland, as Minister for Finance, I have no role in relation to individual investment decisions made by the Ireland Strategic Investment Fund (ISIF).
I am advised by the National Treasury Management Agency that ISIF’s sale of its shareholding in Finance Ireland in July 2022 was a commercial decision in line with its double bottom line mandate.
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