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Saturday 24 February 2018

Key files on banks crisis are missing

Cormac McQuinn

Cormac McQuinn

THE Department of Finance has lost files relating to the banking crisis, it emerged last night. It has admitted that two letters forwarded to the late Finance Minister Brian Lenihan by Bank of Ireland have gone missing.

The correspondence was between then-governor of Bank of Ireland Richard Burrows and Noel Corcoran, an adviser to the Jupiter Group, which had been interested in buying the bank at the time and had been among eight documents previously released under Freedom of Information in 2009.

The letters were completely redacted in that release.

When Sinn Fein finance spokesman Pearse Doherty again sought the release of the correspondence late last year, he was told that two of the letters could not be found.

Mr Doherty last night said: "These letters existed in 2009. However, I have now been informed that these letters have gone missing from the Department of Finance.

"These are some of the only documents between the Governor of the Bank of Ireland and the Minister for Finance during a period when the Government decided to pump taxpayers' money into that bank."

A Department spokeswoman said the Department is seeking to document all of its records in advance of the banking inquiry "with a view to ensuring the completeness and integrity of our records from the period."

Irish Independent

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