In 1981 Fine Gael formed a coalition government with the Labour Party, and Keating was appointed as Minister of State at the Department of Education with responsibility for youth and sport. The government fell in early 1982. It was the only time he held ministerial office.
Progressive Democrats
In 1986 Keating left Fine Gael to join the newly formed Progressive Democrats and became deputy leader of the party. He won one of their 14 seats in the 1987 general election. He retired from politics in 1989 to concentrate on his business interests.
Alleged fraud
Keating paid €250,000 to the Criminal Assets Bureau for unpaid tax.[4] The Bureau had been investigating his affairs for more than three years. He was also named in a British court in 2000 as a partner in crime, in a £20m VAT fraud.[4]
References
^"Michael Keating". Oireachtas Members Database. 25 May 1989. Archived from the original on 7 November 2018. Retrieved 15 January 2011.