Chief Minister Alf Cannan says the government didn't do due diligence checks during the sale of Manx Telecom - because the government's not involved.
In Tynwald this week he faced a question on the topic from Arbory, Castletown and Malew MHK Jason Moorhouse.
On Friday, the company announced the deal to sell it to Jersey Telecom and an investment firm had been finalized.
Mr Cannan said the it involved a private sale of a commercial company:
DOI minister apologises over incorrect Tynwald answer
The Minister of Infrastructure has apologised for giving an MHK incorrect information in a response to a Tynwald question.
UK bikers rally to raise cash for injured sidecar team
A huge event in the UK next weekend is hoping to raise cash for a sidecar team who crashed in this year's TT.
Viking Longboat races postponed
Bad weather means a popular event in Peel won't be held today.
Award wins are grate news for Creamery
Isle of Man Creamery is celebrating after a double win in an international industry award scheme.
Be a part of the Big Day Out
The Children's Centre's annual fundraising Big Day Out takes place today.
Plea to help hedgehogs survive the heat
The Island's hedgehogs are suffering in the long spell of hot, dry weather, according to a charity.
Richard III loyal supporters are no more
A society set up to honour the followers of one of England's most controversial monarchs has been dissolved.
Witness appeal after Ballasalla incident
Police are asking witnesses to come forward after an incident in the south of the Island this week.
