The Office of the Director of Corporate Enforcement (ODCE) has told an Oireachtas Committee that there is no evidence of breaches of company law at the Olympic Council of Ireland.
The ODCE was asked by the Committee on Transport, Tourism and Sport to examine the report of Mr Justice Carroll Moran which had investigating the Rio Olympics ticket controversy.
In a nine-page letter sent to the committee this evening the ODCE say that based on the Moran report there were some "poor governance, management and administrative" practices at the OCI.
However, it says these would not appear to provide evidence of breaches of company law.
The letter written by ODCE Director Ian Drennan said "a possible absence of financial control over the operation of OCI bank accounts are suggestive of poor practice as opposed to breaches of company law".
The ODCE say the appointment of Pro10 as the OCI's authorised ticket reseller and the background to the relationship between the OCI and The Hospitality Group are among the most "serious aspects" of the Moran Report.
But it points out to the committee that the Moran inquiry had limited powers.
It says too that "every citizen enjoys the presumption of innocence".
