I have consulted Enterprise Ireland in regard to the issues raised. However all of those matters are subject to the provisions of the Companies Acts and are therefore matters of law between the people concerned and others such as Directors and Shareholders.
In particular, the examinership process for the case concerned is a matter for the High Court and I have no role in this regard.
I should also point out that Enterprise Ireland has no role in the management of companies which it supports. This is a matter for the Directors of such companies. In addition, Enterprise Ireland has no role in relation to disputes between shareholders and/or former shareholders of companies in which it had invested.
There are provisions in Enterprise Ireland’s standard legal agreements which oblige a company in which Enterprise Ireland currently holds shares (or in respect of which there is a current grant agreement) to provide any information regarding its activities sought by Enterprise Ireland or its Agents.
However in this instance, the allegation of fraud was only raised after Enterprise Ireland’s shares had been expunged as part of the examinership process.