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Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (9 Jun 2015)

Lucinda Creighton: ...what protocols and controls the Minister for Finance and his Department had in respect of various transactions and whether sanction was given or whether there was knowledge of such transactions. Again, the dealings between IBRC and the Minister and the Department are effectively excluded from this inquiry, which makes it a pretty toothless dog. A number of contradictions have emerged in...

Water Services Bill 2014: Second Stage (Resumed) (5 Dec 2014)

Lucinda Creighton: ...is quite extraordinary. We do not have any transparency on how much the State has paid to Siteserv, which was sold to Millington for approximately €45.42 million in cash from the State-owned Irish Bank Resolution Corporation, IBRC. A subsidiary of the company, Sierra, was awarded a multi-million euro contract for the installation of water meters. However, taxpayers, who are...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (4 Mar 2014)

Lucinda Creighton: ...for Finance further to the Irish Bank Resolution Corporation special liquidator's statement that PwC were the party responsible for conducting a review on the cost implications to the creditors of IBRC, if they sold Irish Nationwide Mortgages on an individual borrower basis to those who could afford to refinance the loan at the reserve value; if he will publish the PwC review; and if he...

Written Answers — Department of Finance: IBRC Liquidation (6 Feb 2014)

Lucinda Creighton: ...) and selling it to Kennedy Wilson which in 2013 acquired the Opera Finance CMBS portfolio that included KPMG’s Dublin office in the portfolio; if around the time of the disposal of the hotel IBRC loans from the special liquidator KPMG to Kennedy Wilson, KPMG was also negotiating on its head offices at Stokes Place on St. Stephen’s Green that was part of the Opera Finance...

Written Answers — Department of Finance: IBRC Loans (30 Jan 2014)

Lucinda Creighton: 46. To ask the Minister for Finance further to Parliamentary Question No. 65 on 23 of January 2014, the reason it is the case that simple details regarding the number of bidders for the IBRC loans secured against an hotel (details supplied) prejudices the ability of the special liquidators to obtain best value for the loan assets when similar loan sale disposals by the National Asset...

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