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

The Minister says this is the first stage of an investigation and he mentioned the committees of this House. If one of those committees recommends a commission of investigation, will the Government facilitate that process after scrutiny of the KPMG review? He said the review would involve some 30 transactions. Can he confirm that every transaction that resulted in a loss of €10 million to the State will be investigated by KPMG? Will the review have the powers to look beyond the companies which traded on behalf of individuals to discover who the individuals were who bought shares in Siteserv around the time of the transaction?

The scope of this review is far too short. The Minister will know that others who bid for assets of IBRC while it was in liquidation by the special liquidator have raised concerns that not all financial information was available to them. The Racing Post transaction, for example, was one where an individual is on the record in the media as saying he withdrew from the auction because the information was not available. There is concern among the public about this and I ask the Minister and the Government to commit to facilitating a full commission of investigation in the event that a committee of this House recommends one.

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