Monday 20 November 2017

O'Brien is the elephant in the room - I'm not his mouthpiece

The bottom line financial performance is the only philosophy from Denis O’Brien and his representatives
The bottom line financial performance is the only philosophy from Denis O’Brien and his representatives
Ivan Yates

Ivan Yates

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.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss