Select committee to hear more evidence

Former board members of the Manx Electricity Authority will give evidence today, as the inquiry into the MEA loans affair continues.

A Tynwald select committee was set up to investigate the circumstances which led to the authority borrowing £120 million without Treasury approval.

The loans were retrospectively sanctioned by Tynwald two years ago.

Former deputy chairman Terry Mackay and former board members Charles Fargher, Trevor Ferrer and Dr John Taylor will give evidence, in the Millennium Room at the legislative buildings in Douglas.

Evidence will be heard from 10.30am.