 On 20 January 2017 the Chief Minister confirmed that he had received and accepted Senator Ozouf's formal resignation from the post following publication of a report from the Auditor General criticising the way in which the Jersey Innovation Fund had lost a substantial part of the public funds entrusted to it.Ozouf served on the Privileges and Procedures Committee.Between December 2008 and October 2014, Ozouf had been Treasury Minister in the Council of Ministers.