Sinn Féin's Spokesperson on Jobs and Enterprise Peadar Tóibin has emphasised the importance of an independent inquiry into the Siteserv scandal as futher revelations on the sale of the company to Denis O'Brien owned Milligont, at a huge loss to the Irish taxpayer, continue to emerge.
revelations today of a surge in trade activity of Siteserve shares, a
month prior to IBRC receiving the first bids in a confidential sale
process for the company in 2011, Deputy Tóibín said;
revelations expose further reasons for concern in the Siteserv saga.
Such an increase in trading could certainly deemed unusual, and it is
imperative that this be investigated, and that all the identities of
the share buyers be made public.
latest update serves to underline the many inconsistencies,
obscurities and peculiarities that pepper the Siteserv scandal. It is
increasingly obvious that an in-house investigation proposed by
Minister Noonan is wholly inadequate.
KPMG liquidators have been appointed to conduct the review has won
widespread disbelief, as the company also acted for Siteserv. This
disbelief was echoed by Alan Dukes himself who expressed amusement at
the choice of liquidator.
Féin have called for a Commission of Investigation into the matter,
an investigation that is not just limited to the IBRC and Siteserv.
The dozens of other large debt write downs to big businesses by Nama
and AIB must also be examined.
unusual hike in Siteserv shares must also be investigated, however
this likely will not be within the remit of Minister Noonan's inquiry
into IBRC, again exposing the limitations of this inquiry of
people of Ireland have a right to transparency and accountability,
and to know whether their taxes were wisely spent or squandered as
the country was reeling from the economic meltdown brought about by