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Conflict of interest not remedied by IBRC judge appointee – Mary Lou McDonald

27 April, 2015 - by Mary Lou McDonald TD

Sinn Féin's Deputy Leader Mary Lou McDonald  has described the terms of reference published for the IBRC review  by Minister Michael Noonan as totally inadequate and far from for the the independent and comprehensive inquiry that is needed.

Deputy McDonald said;

“Minister Noonan's cynical attempt to gloss over concerns about the conflicts of interest at the heart of this review will not wash. The appointment of retired High Court Judge Mr Justice Iarfhlaith O' Neill does not remedy that conflict of interest.

“Given the very serious concerns and the openly contradictory statements from various parties to this growing controversy, it is astonishing that government and the minister should so blatantly disregard the need for a fully independent investigation.

“Sinn Féin have clearly and consistently called for a Commission of Investigation as the only proper and credible mechanism to investigate the Siteserv deal and IBRC transactions and governance.

“The terms of review explicitly exclude NAMA transactions from scrutiny. This is a mistake. The public good and taxpayers interests require that all transactions, including the acquisition of assets by NAMA be subjected to thorough independent scrutiny in a Commission of Investigation.”

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