Basketball body ordered to repay €124k of state aid
THE governing body of basketball in Ireland has been ordered to repay €124,000 of grant aid to the State and has been told it cannot apply for capital funding for the next five years following a "serious error" in how it spent public money.
An audit by the Department of Transport, Tourism and Sport into state spending by Basketball Ireland (BI) found €1.24m designated for providing basketball hoops around Ireland was instead spent in other areas.
It was part of a total grant of €1.75m received by the body in the period from 1999 to 2006.
BI chairman Paul Meany said: "Most of the money was spent on development programmes. . . the then-management were under the impression this was acceptable."
However, BI must now repay 10pc of the €1.24m.