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:
Padel court plans unveiled for the Nunnery
A Douglas landmark could get new wellness and sporting facilities, if planners approve a new application.
Douglas fire festival cancelled
A winter fire festival planned for the Island's capital next weekend has been called off.
The Island's new Council of Ministers has been unveiled this morning.
Patrick commissioners' mission statement almost ready
Patrick commissioners say they've come up with seven issues to include in a new mission statement.
Douglas to mark its first Oie Houney fire festival
The Island's capital will celebrate a fire festival later this month.
New chief minister "first among equals"
The government's released a video featuring the new Island's chief minister.
Online passport applications to be cheaper than paper forms
The government says you'll soon be able to apply for a passport online - and save £13 doing so.
Two runaways on tram line since last January, says Manx Electric Railway
The Manx Electric Railway says it's had two runaway incidents in the last 21 months.
