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Media fund losses 'will not be recouped'

Middle MHK stands by his comments

An MHK says a £26 million loss of tax payers money should not be subject to a government investigation.

Following outrage from Kate Beecroft MHK, member for Middle Bill Shimmins has stood by his comments in Tynwald after a trust linked to the Island's film industry incurred massive losses.

Mr Shimmins said setting up a Tynwald select committee to look into the Media Development Fund would not be cost effective.

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