Dáil debates

Thursday, 7 May 2015

Ceisteanna - Questions - Priority Questions

IBRC Liquidation

9:40 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I failed to hear why the Minister is so opposed to a commission of inquiry. He says he has instigated the review because of public concern about the sale, three years and two months after the issue was first raised in the Dáil. There remains public concern but that concern is not just about the sale - it is also about the review he has instigated. It is about the fact the Minister has asked the special liquidators from KPMG to investigate a transaction which KPMG had its fingerprints all over. KPMG, or people associated with it, has been involved in nearly every part of this transaction, whether in the past or the present. It was involved in the liquidation of Siteserv by the special liquidator of IBRC, it gave advice about the sale to directors of Siteserv and the company paid fees to KPMG for that advice. Does the Minister not realise that this will not garner public confidence? Can he explain to the Dáil why he is opposed to a commission of investigation that does not include KPMG reviewing a transaction in which it was involved?

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