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Tánaiste has no choice but to call for an inquiry into Siteserv deal – Adams

23 April, 2015 - by Gerry Adams TD


Sinn Féin President Gerry Adams has described the conflicting claims by Alan Dukes and Michael Noonan over the Siteserv scandal as another reason why the government must hold a public inquiry.

Mr Adams said:

 “The Tánaiste should come into the Dáil this morning and announce a public inquiry.

 “Siteserv is not the only deal which saw a write down of debt by IBRC.

“It is a matter of public record that as the debt was being written down in Siteserv, more than €64 million was written off in Blue Ocean Associates before it was bought by a consortium also involving Denis O’Brien.

“There was also an almost fifty per cent write down of €300 million debts in the purchase of Topaz.

“Pearse Doherty raised all of these queries with Minister Noonan in 2012, and over the following two years. When he asked how much IBRC had written off in debt forgiveness, he was consistently told that the overall total was commercially sensitive.

“This is only the tip of the iceberg. The government has no choice. The Tánaiste should announce a public inquiry today.” 

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