Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
2:50 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Does Mr. Wallace think that there is not only one conflict of interest but a number of conflicts of interest? I will summarise it because I want to move on to the mortgage issue. The special liquidators of IBRC are employees of KPMG who ask whether IBRC should sue KPMG as a result of the auditing of Irish Nationwide accounts carried out by KPMG. The special liquidators seek independent advice from a legal firm that gave advice to Irish Nationwide on the issues of corporate governance.
Does Mr. Wallace not see there could at least appear to be a conflict of interest and that further advice should have been sought? Is he aware that the clock is ticking on the Statute of Limitations and there are only a few weeks left to instigate proceedings?
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