Saturday 25 February 2017

Denis O’Brien hits back at Catherine Murphy's IBRC claims made in Dail

Jerome Reilly

Jerome Reilly

Denis O'Brien Photo: Bloomberg
Denis O'Brien Photo: Bloomberg

Businessman Denis O’Brien has hit back at claims made under privilege in the Dail by Social Democrats TD Catherine Murphy.

In her speech made in the Dail chamber on Friday under privilege, Ms Murphy claimed that property developer Paddy McKillen, who had large debts to IBRC, was given a €5m bridging loan in 2012 by the bank following an assurance from Mr O'Brien.

She claimed that Mr O'Brien said he would provide IBRC with a guarantee to support Mr McKillen's request.

In his statement Mr O’Brien said: “In Dáil Éireann yesterday Ms Catherine Murphy purported to use Dail privilege to make statements relating to me which yet again were, firstly, false and, secondly, based on documents she knows were illegally obtained.”

He added: “Because of ongoing litigation relating to a claim by me of abuse of Dail privilege by Ms Murphy last year, I am not in a position to detail the defamatory nature of her statements to Dáil Éireann yesterday.  For the record, I fully endorse the principle of Dail privilege but not when it is used to voice untruths or to make public the proper private and personal financial affairs of any individual.”

On Friday Ms Murphy said: "Astoundingly, despite serious concerns from some about Mr McKillen's ability to repay the amounts he owed IBRC - far in excess of €5m - the bridging facility was granted.

“Essentially, a man with huge debts to IBRC was granted a loan from the IBRC on the guarantee of another man who owed significant sums to IBRC while there were questions over both men's financial ability to fulfil original loan agreements with IBRC.”

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