Speaking outside Dublin High Court, Louis Walsh said he would not have wished what happened to him on his worst enemy.
"I'm very relieved," he said.
"This has had a terrible effect on me guys. It was all lies.
"And I'm very satisfied with this total vindication for me, but I remain very angry at the treatment I received at the hands of The Sun."
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Fathia Ali Ahmed Elsanosi, 73, who died in the blaze, had fled persecution in Sudan, the inquiry heard.
Captain Jonathan Price is accused of the manslaughter by gross negligence of Ranger Michael Maguire.
The company made the statement in a list of written replies to questions by European Union politicians.