Ireland South MEP, Mick Wallace, has said it was an "oversight" on his part not to declare a financial interest to the European Parliament regarding his role as an adviser to a company.
In his original declaration of interest to the Parliament in 2019, Mr Wallace made no reference to Wallace Calcio LTD for which he earned between €1 and €499 per month, according to his updated declaration.
Speaking on South East Radio, he said: "It was an oversight of mine. I rectified it there last week. As soon as I found out that I wasn't complying with the rules - I dealt with it, you know."
He said it was also "inaccurate" for him to have claimed in a TikTok video that he owned three wine bars in Dublin.
The video was uploaded by a member of the right-wing Identity and Democracy Group, Alessandro Panza.
Mr Panza and Mr Wallace were both appealing for plans to place cancer warnings on alcohol to be scrapped. "I have three wine bars in Dublin and I sell only Italian wine," Mr Wallace said in the video.
"I said in the video that I owned the bars in Dublin," he said today on South East Radio. "I don't own the bars in Dublin. I built them. I put my heart and soul into them.
"They're owned by investors now, but I don't own them. I don't have any shareholding in the lease. It's inaccurate for me to say that I owned three wine bars because I don't."
He said that he lost ownership in the buildings in the aftermath of the property crash, and then lost his shareholding after being declared bankrupt in 2016.
Mr Wallace denied there was any conflict of interest in being an MEP and an adviser to a wine bar given that he was talking about a payment, on average, of €53 a week after which a tax rate of 40% applied.
He said, however, that he "should have been more careful" about declaring his interests.
