Wednesday 1 March 2017

Opposition TDs call for inquiry into wind-up of IBRC

Niall O'Connor

Niall O'Connor

Fianna Fail leader Micheal Martin
Fianna Fail leader Micheal Martin

OPPOSITION TDs have today called for an independent inquiry into the winding up of of the Irish Bank Resolution Corporation (IBRC).

The calls came after documents released under the Freedom of Information Act reveal tensions between IBRC management and the Department of Finance.

The tensions centre around the IBRC's sale of Siterserv, which won the contract for the installation of water meters.

Siteserv was sold to the Denis O'Brien owned-firm Millington in a deal which the opposition say resulted in a significant financial loss to the taxpayer.

Fianna Fáil leader Micheal Martin raised the issue during 'Leader's Questions' today.

He called on Taoiseach Enda Kenny to instigate an independent inquiry. Mr Kenny said he has not been fully briefed on the matters surrounding the Siteserv deal and did not see relevant newspaper reports.

Mr Martin described such claims as "incredible".

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