Funds transferred in early 2022 and reversed three months later, states IHRB’s 2022 annual report
Racing watchdog’s matter of ‘grave concern’ a €350,000 transfer from Jockeys Emergency Fund to regulatorRTÉ Investigates: Horrifying scenes of horse cruelty shows racing needs to act
The IHRB, the body that polices Irish racing, and which has been the focal point of public criticism in recent years, particularly concerning doping issues, is a private body with centuries of tradition in regulating the sport. This year it has an operational budget of €11.4 million given to it through Horse Racing Ireland.
The IHRB’s 2021 annual report contained a revelation by the Comptroller and Auditor General that Egan got a bigger golden handshake than the maximum payment outlined under the voluntary redundancy scheme, amounting to more than €140,000 extra. In November, the chairman of the Oireachtas Agriculture Committee, Fianna Fáil TD Jackie Cahill, described the failure to deliver the Mazars’ report as “completely and utterly unacceptable”. On that occasion, O’Loughlin said the IHRB had provided Mazars with six years of financial records and banking transactions as well as “relevant personal records”.
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