Horse Racing Ireland lost €389,000 after cash-in-transit firm went into liquidation

The loss was suffered after the cash-in-transit service company went into liquidation whilst holding cash relating to HRI

Sinn Féin TD and chair of PAC Brian Stanley said : "Horse Racing Ireland is a body which received €67.2m from taxpayers in 2019."  Picture: PA

Horse Racing Ireland has reported a cash-in-transit loss of €389,000.

The incident behind the substantial financial loss was revealed in the HRI’s 2019 Financial Statement presented to the Public Accounts Committee (PAC) on Thursday.