Stud says it ‘got good value in staff deals’

THE Irish National Stud has tried to explain away the origins of €719,000 worth of un-tendered business deals between it and its key personnel.

In a lengthy statement, which listed the nature of the in-house arrangements, the INS said it adhered to the public procurement rules.

“The strict procurement procedures follow best practice and the guidelines and the best value alternative is always sought. This does not always mean the lowest price, but when the lowest price is not taken, the reasoning must be clear,” it said.