O'Brien is the elephant in the room - I'm not his mouthpiece
Published 30/04/2015 | 02:30
The controversy around the sale of Siteserv has a dual aspect: commercial and political. The Government is entirely right to conduct an open, independent review of all IBRC transactions involving a write-off of more than €10m.
To transparently ensure accountability against any allegations of "sweetheart deals" arising out of indigenous banking collapses, this should be extended to fully include similar transactions in the State-owned institutions of Nama, AIB and Permanent TSB.
The essence of such an investigation must establish that there was an open bidding process; selection of the highest offer; no hidden conflicts of interests by professional advisers or banking executives; the best possible returns to taxpayers.