Media Lab closure ‘must be probed’

OPPOSITION parties have called for urgent investigation into the collapse of the Government-backed research venture Media Lab Europe.

Media Lab Europe (MLE) management said last Friday it was closing its doors with the loss of 60 jobs and €35 million in taxpayers money. The hi-tech research facility also swallowed €12m in corporate donations. The venture had failed to attract enough private funding and a rescue plan it put to the Government was rejected.

Green Party finance spokesman Dan Boyle said the closure and the amount of public money used to fund it should be investigated by the Dáil’s Public Accounts Committee into the Media Lab closure.