Fianna Fáil officials will spend the next few days examining documents given to them by their selected candidate for the Meath by-election, Mr Tommy Reilly, concerning his joint purchase of land with Mr Frank Dunlop in Meath in 1997.
Mr Reilly delivered his response to queries from the party yesterday evening, according to a party spokeswoman.
This will be examined in the coming days to see if there is anything concerning the transaction that could prove damaging during the by-election campaign.
Mr Reilly has said that everything about the transaction was above board, and he has asked that Fianna Fáil confirm this quickly. The revelation of the land purchase with Mr Dunlop caused concern within the party because of Mr Dunlop's past admission to having bribed Dublin councillors in the pursuit of land rezonings.
Mr Reilly was chosen at a selection convention before Christmas to run in the by-election.
However, the party's national executive will not now consider whether to endorse him as the candidate until the examination of the land purchase is complete.