A damning report by Jersey's government watchdog has raised concern about suspected criminal activity linked to the Innovation Fund.
It also says it's expected to lose £1.4m of tax payers' money.
The Public Accounts Committee says Jersey States departments will be 'held to account'.
Senator Philip Ozouf has defended his involvement in the Innovation Fund, which is expected to lose £1.4m of tax payers' money.
The Assistant Chief Minister was in charge of the project, which lent money to a business which later went into liquidation.
Senator Ozouf says he is "disgusted and dismayed" that he was "given the responsibility" but not "all the information that was required".
Watch him speaking to Jess Dunsdon in our studio last night.
The letters sent to Senators Alan Maclean and Lyndon Farnham following the Innovation Fund fallout have been published publicly.
Protesters are expected to rally in St Helier today, calling for the resignation of Jersey's Assistant Chief Minister.
A Jersey Constable is calling for the politician in charge of the Innovation Fund, which lost £1.4m, to resign.