Peadar Tóibín (Meath West, Aontú) | Oireachtas source

Who is going to be held to account for what happened in the sale of Siteserv? Most people feel at this stage that this report is going to end up on a dusty shelf somewhere and that nothing is going to happen when it comes to the actions that were not taken in regard to the sale of Siteserv. There is a major frustration out there that this particular crisis was politically shelved by a long-term commission of inquiry so that the heat was taken out of it at a time where it was causing a major challenge to the Government of the day, and that now nobody is going to be held to account.

My view is that the case should be with the Garda. There needs to be a situation where people are held to account for the actions that they have taken. What happened in Siteserv was extraordinary. There was a write-down of €119 million, much of which came from the pockets of taxpayers and citizens. Siteserv gave €5 million to shareholders at the time of the write-down, which was extraordinary. Arthur Cox acted for the two sides of the same transaction, which was also extraordinary. The job was to maximise the number of bidders to get the most for the taxpayer from the sale, yet the commission of inquiry shows that is not what happened. The number of bidders was minimised.

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