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:
Calling all bin-fluencers! Commissioners need help with dog bin duty
Michael Commissioners say they're looking for someone to empty the area's dog waste bins.
Sew much support for RNLI and GNAAS from Mannin Quilters
Specially-made RNLI quilts have been donated to emergency service charities by Mannin Quilters.
Date announced for final ever Heartstopper!
Netflix has revealed when the final ever Heartstopper will reach our screens.
Manx Care sorry for mixed messages over Noble’s service suspensions
Manx Care has apologised for confusion over which services had to be suspended last week, when Noble's Hospital faced huge pressure.
Port Erin routes affected by Billown circuit closures this weekend
Bus Vannin's announced a number of changes to its routes as the Island's roadracing season gets underway this weekend.
Isle of Man is Peter Andre's Flava of the week!
Peter Andre has lavished praise on the Isle of Man after visiting for the Fury wedding at the weekend.
Evri preparing to pull out of Isle of Man?
A UK website claims courier firm Evri is preparing to pull out of the Isle of Man.
Get involved in Island's first BJ Week!
The Isle of Man is taking part in Better Journeys Week this week.
