A €5 million fraud from the Ireland Strategic Investment Fund was perpetrated through a phone-phishing scam. Authorities, including An Garda Síochána and Deloitte, are investigating the incident but cannot yet share full details. The fraudulent request appeared legitimate, leading to confusion and the loss of funds. The NTMA established that there was no IT breach connected to the incident, and the theft was promptly reported to relevant authorities. Finance Minister Paschal Donohoe deemed the event as 'regrettable and extremely rare', assuring efforts to recover the lost funds.
The theft of €5m from the Ireland Strategic Investment Fund was facilitated by a phone-phishing scam, tricking officials into thinking the request was legitimate.
Investigations by An Garda Síochána and Deloitte into the fraud are ongoing, preventing the full details from being disclosed until those processes conclude.
Finance Minister Paschal Donohoe described the fraud being 'regrettable and extremely rare,' emphasizing the commitment to recover the lost funds.
The NTMA confirmed that there was 'no suggestion' of an IT breach, and that the incident was immediately reported to relevant authorities.
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