Thursday 23 October 2014

Bailout inquiry faces further delay

Published 19/04/2014 | 02:30

Finance committee chairman Ciaran Lynch
Finance committee chairman Ciaran Lynch

The Government's long-promised inquiry into the €64bn bank bailout is facing further delays following the completion of the Anglo trial.

Plans to establish a parliamentary inquiry were delayed on foot of a legal warning from the Director of Public Prosecutions ahead of the high-profile trial.

Now that the trial has ended, the Dail's Committee on Procedures and Privileges (CPP) is accepting submissions from other committees interested in chairing an inquiry.

However, sources have indicated there is still little information regarding a starting date for the investigation into the bailout and the controversial bank guarantee scheme.

Asked when the inquiry is likely to begin, an Oireachtas source said: "How long is a piece of string? It could take a while or it could happen very quickly."

With the submission phase only opening, it is unlikely the process will begin next month.

However, Finance Committee chairman Ciaran Lynch said he expected to see progress on the inquiry in the coming months.

Irish Independent

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