General Electric said it strenuously denied having any involvement in any deal in relation to property in the IDA’s Clonshaugh industrial estate.
It said the General Electric company referred to by Mr Higgins had been sold by GE in December 2003.
“GE holds no interest in the property to which he referred.
“This is a totally unfounded and damaging allegation made under the privilege of the Dail. GE calls on Deputy Higgins to withdraw it immediately and to correct the records of the House,” the statement said.