Saturday 24 February 2018

IBRC report will not be published before election

Enda Kenny. Photo: Getty
Enda Kenny. Photo: Getty

Philip Ryan and Niall O'Connor

The Commission of Inquiry into IBRC will now not publish a report until after the General Election.

The High Court judge-led commission's deadline for reporting on certain IBRC transactions had been set for December 31.

However, the Irish Independent has learned this has now been extended until April.

The investigation was established last year to examine up to 40 IBRC transactions that resulted in a loss of €10m or more to taxpayers.

Last month, Taoiseach Enda Kenny met Opposition leaders to discuss how to progress the stalled investigation into a series of transactions at the former Anglo Irish Bank.

The meeting came after Judge Brian Cregan warned that he did not have the necessary powers to properly investigate IBRC transactions. He also raised serious concerns about confidentiality.

The Taoiseach pledged to circulate the draft heads of bill for the investigation before the Dáil returns next week.

It is understood Mr Kenny still plans to meet this commitment.

Irish Independent

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