Stud gave €718,000 deals to firms run by staff

BUSINESS deals at the Irish National Stud (INS) worth €718,000 were not put to competitive tender and were awarded to firms run by some of its key personnel.

Figures reveal during an eight-year period two directors and its company secretary were linked to a series of independent deals with the state-owned commercial firm.

The details, released under the Freedom of Information Act, show that an accountancy firm managed by company secretary John McStay benefited the most.