Investigation into Sefton 'mix up'

Saturday, 21 June 2014 00:00

The Chief Minister says he will get to the bottom of why no legal advice was sought before completing the Sefton bailout deal.

The Economic Development Minister John Shimmin has resigned after he was deemed to have acted outside of his brief in awarding the Sefton Group two loans to secure its future.

Allan Bell has paid tribute to Mr Shimmin for his determination 'to do the right thing in the Island's national interest'.

He says he understands a mix-up may have taken place with some of the people involved in structuring the deal:

More from Isle of Man News

Number of police searches rises by nearly 37 percent

The number of stop searches by police increased by more than a third in the past year.
Broad to stand for Ayre and Michael

A local businessman has declared he'll stand in the general election for Ayre and Michael.
Road to beauty spot temporarily closed from today

The road to one of the Island's most popular beauty spots will be closed for over a week from the end of this month.
Politician to query government income from medical cannabis

How much income has the government made from medicinal cannabis?
Police appeal over prom incident

Police are appealing for witnesses about an incident in Douglas yesterday evening.
Christian to defend seat

Douglas South MHK Claire Christian has announced she'll defend her seat in the general election.
Police ask people to avoid Mountain Road after supercar crash

Police are asking people to avoid the Mountain Road as they deal with crash.
Over £2.7k raised by firefighters' 'Station To Summit' challenge

Four firefighters have raised more than £2,700 by carrying a rescue mannequin on a stretcher from Ramsey to North Barrule and back.

Investigation into Sefton 'mix up'

More from Isle of Man News

Comments