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Proposed IBRC inquiry shows how little we’ve learned – Adams

23 April, 2015 - by Gerry Adams

Speaking tonight after the announcement by Minister of Finance Michael Noonan that a review of the sale of Siteserv and other transactions by the Irish Bank Resolution Corporation, formerly Anglo Irish Bank will take place, Sinn Féin Leader Gerry Adams have said that what is proposed falls far short of the mark and shows that we have learned nothing from the mistakes of the past.

Teachta Adams said:

“For the Minister to direct the special liquidators to investigate transactions the like of Siteserv falls far short of what Sinn Féin have called for. An in-house investigation will not give us the answers we need. The Minister cannot hide behind the excuse of getting a review under way quickly; Sinn Féin first raised this issue in 2012.

“Sinn Féin are calling for a full commission of inquiry to delve into the very heart of the matter. This needs to be done in the full light of day by independent officials who are not tainted by association in this sordid mess. We need answers as to why so many dissenting voices in the civil service were ignored when it came to these deals.

“Conflicts of interest and collusion have been the hallmarks of IBRC and its toxic past as Anglo Irish Bank. We cannot afford for the truth of the hundreds of millions of Euro that was wiped out as bad debt to be swept under the carpet to spare the blushes of an elite few. We must get to the bottom of this crisis, or else we have learned nothing from the crippling recession that resulted from this tangled web of money and power.” 

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