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:
Emergency closure in place on quayside
The Department of Infrastructure says it's put an emergency closure in place on East Quay in Peel.
Passport services to move online
The government has announced applications for Isle of Man passports will be moving online in future.
Woman plans to ride 100 miles for charity
A local woman plans to cycle 100 miles to raise money for four Island charities, starting this week.
Roadworks near Foxdale this week
The Department of Infrastructure says it's carrying out roadworks on a route near Foxdale this week.
Postal vote deadline looms for those living abroad
If you live outside the British Isles and want to vote by post in this month's election, you have just hours to apply.
MP reveals more details of Whitehaven ferry proposals
An MP who wants to set up a ferry route from Cumbria to the Island has revealed more details about what's proposed.
Council wishes Bee Gee happy 80th birthday
Douglas Council's wished one of the Island's biggest stars a very happy birthday!
Warning over traffic delays as city centre work gets underway
A busy street in Douglas city centre will have temporary lights this week.
