Monday 26 September 2016

Anglo probe won't be done before election

Published 09/11/2015 | 02:30

Independent TD Catherine Murphy: 'Given the circus of setbacks the commission has suffered since its inception in early June, it is difficult to believe the Government is serious about getting any real answers to the serious questions surrounding IBRC and certain transactions'
Independent TD Catherine Murphy: 'Given the circus of setbacks the commission has suffered since its inception in early June, it is difficult to believe the Government is serious about getting any real answers to the serious questions surrounding IBRC and certain transactions'

A report on the controversial sale of assets and loans by the former Anglo Irish Bank will not now be completed before the General Election, if at all.

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The Commission of Investigation into IBRC has made "no contact whatsoever" with the company at the centre of the political storm, Siteserv, in the four months since it was set up.

The Government believes there will be "no resistance" to introducing new laws as a way of salvaging the commission after the judge in charge suggested legal restrictions would make his final report irrelevant.

But Government sources conceded last night that the report would be significantly delayed.

Judge Brian Cregan wrote to the Taoiseach on Friday, ­outlining how issues of confidentiality and ­privilege meant the ­commission "is not in a ­position to ­proceed with its ­investigation into any of the ­relevant 'write-off' transactions".

Irish Independent

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