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Collapse of Sitserv probe entirely predictable - Adams

8 November, 2015 - by Gerry Adams

Sinn Féin Leader Gerry Adams TD has said the fact the Government’s Commission of Investigation into IBRC is on the verge of collapse was entirely predictable.

Mr Adams said Sinn Féin had warned the Government that the Commission had been given insufficient powers to carry out the necessary investigations.

Gerry Adams said:

“When the Government published the Terms of Reference for the Commission of Investigation I pointed out that they did not deal comprehensively with all of the issues that a Commission would need to examine.

“Let’s remember the Government never wanted a Commission of Inquiry and resisted it at every turn. Fine Gael and Labour were dragged kicking and screaming into establishing this commission.

“The investigation they eventually established is clearly not fit for purpose and will short change citizens who have lost hundreds of millions of euro because of the government's mismanagement of public monies.

“The powers and scope of the investigation must be widened. All relevant information must be available to investigators.

“Of course the fear now is that the government knew full well that this Investigation would not be able to get to the truth and the current delay will ensure that any investigation report will be on the far side of a general election.

“It’s also important to state that the concerns around IBRC are not confined to the bank. Similar concerns also surround the operation of the National Asset Management Agency (NAMA).

“There has been a whole series of scandalous revelations in relation to NAMA in recent weeks and months. The management and operations of NAMA needs to be subject to a Commission of Investigation.”


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