Health Minister Dr James Reilly says he has handed over power of attorney to his solicitor in relation to his business interest in a Co Tipperary property..
It follows reports that Dr Reilly is set to be named with a number of business partners on a debt defaulters' list from Stubbs Gazette, for failing to pay €1.9m.
The latest edition of the debt-monitoring magazine is to be published this morning.
The investors were ordered by a court to buy a property, which contains a nursing home, earlier this year. However the deadline for payment expired a number of months ago.
A spokesman for the minister said Dr Reilly handed over power of attorney once he took office, but the court judgment is not in dispute, and the parties involved are working out how to pay the money.