Maurice Quinlivan TD calls on Tánaiste to correct Dáil record over misleading ODCE company director restrictions figures
Sinn Féin TD Maurice Quinlivan has called on the Tánaiste and Minister for Business, Enterprise and Innovation to correct the Dáil record over the number of company director restrictions she said the Office of the Director of Corporate Enforcement had undertaken.
This comes after newly obtained figures revealed the previously quoted numbers were considerably exaggerated, giving the impression that the ODCE is functioning much better than it actually is.
Speaking today, Deputy Quinlivan said;
“I have serious concerns about the functioning of the ODCE, not just as a result of the collapse of the Sean Fitzpatrick trial due to the botched ODCE investigation, but also because figures show no prosecutions or convictions have been achieved by this office in the last two years.
“In October during an exchange with me in the Dáil concerning the functioning of the ODCE, the Tánaiste said ‘Between 2012 and 2016, investigations by the ODCE have resulted in the restriction of 886 company directors.’
“I later submitted a range of parliamentary questions questioning these figures, as it was brought to my attention that this may not be a true reflection of work done by the ODCE.
“After a full month of waiting, I received a response to these parliamentary questions this morning, immediately before Questions to the Minister.
“These figures show that in fact only 9 restrictions were recorded over this period due to ODCE applications, not 886, with the rest coming from cases brought by liquidators.
“This is of serious concern, as it seems an attempt was made to pass off the work of liquidators as that of work done by the Office of the Director of Corporate Enforcement, to make the ODCE appear to be functioning much better than it actually is.
“As seems to be a pattern this week, I asked the Tánaiste to correct the Dáil record on this matter, and I have written to the Committee on Business, Enterprise and Innovation asking the ODCE and Tánaiste appear before the Committee to investigate what exactly is going on at this agency."