The liquidator (even "Special" ones) work for the client, who in this case is The Minister for Finance and must act only on the instructions of the client.
Based on the manner in which the previous sales were carried out and are now being administered, I believe the Minister and his Special Liquidator have questions to answer regarding what appears to be a conflict of interest and possible fraudulent actions by the Special Liquidator.
Why are the home owners loans that were sold still being administered by the Special Liquidator / IBRC and who is paying for the services?
Is it not standard practice that when goods are purchased as part of a liquidation sale it falls to the buyer to take immediate control of the items?
To what extent has KPMG (Special Liquidator) benefited or expects to benefit from the sale of the assets?
Do KPMG (Special Liquidator) expect to provide professional services to the purchasers of IBRC assets?
Has the Special Liquidator / KPMG ever provided the purchasers or any of their associate companies, executives or directors with professional services in the past?
Are the new owners paying IBRC or KPMG to manage their portfolios?
Is the Minister aware that numerous breeches of the Data Protection Act have been reported in regard to the already completed sales?
Does the Minister expect to receive a seat on the board of KPMG or any of its subsidiaries when he retires from office?
Does the Minister ever intend to act in the interests of the homeowners (Irish People) who are now through no fault of their own (but by his hand) are at the mercy of the vulture funds (American Companies) who purchased the assets?
Andrew Broderick
Posted on 12 Jul 2014 8:30 am
The liquidator (even "Special" ones) work for the client, who in this case is The Minister for Finance and must act only on the instructions of the client.
Based on the manner in which the previous sales were carried out and are now being administered, I believe the Minister and his Special Liquidator have questions to answer regarding what appears to be a conflict of interest and possible fraudulent actions by the Special Liquidator.
Why are the home owners loans that were sold still being administered by the Special Liquidator / IBRC and who is paying for the services?
Is it not standard practice that when goods are purchased as part of a liquidation sale it falls to the buyer to take immediate control of the items?
To what extent has KPMG (Special Liquidator) benefited or expects to benefit from the sale of the assets?
Do KPMG (Special Liquidator) expect to provide professional services to the purchasers of IBRC assets?
Has the Special Liquidator / KPMG ever provided the purchasers or any of their associate companies, executives or directors with professional services in the past?
Are the new owners paying IBRC or KPMG to manage their portfolios?
Is the Minister aware that numerous breeches of the Data Protection Act have been reported in regard to the already completed sales?
Does the Minister expect to receive a seat on the board of KPMG or any of its subsidiaries when he retires from office?
Does the Minister ever intend to act in the interests of the homeowners (Irish People) who are now through no fault of their own (but by his hand) are at the mercy of the vulture funds (American Companies) who purchased the assets?