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Government ‘was well warned of weakness of IBRC inquiry’ – Adams

10 November, 2015 - by Gerry Adams TD


Sinn Féin President Gerry Adams TD today quizzed An Taoiseach Enda Kenny on why he and his Government are claiming that the legal difficulties facing the Commission of Investigation into IBRC were unknown to them until recently. Both Deputy Adams and Deputy Pearse Doherty had raised this exact point with the Government, particularly An Taoiseach and the Minister for Finance, as far back as 2012.

The Louth TD reminded An Taoiseach that widespread suspicion that the Government does not wish to see a successful investigation into IBRC.

Deputy Adams said:

“Taoiseach, your claim that the Government only found out about legal difficulties with the Commission of Investigation into IBRC last week has no credibility whatsoever.  For a lengthy period, you resisted calls from the Opposition for an investigation.

“From 2012, Pearse Doherty and I submitted a range of Parliamentary Questions about IBRC. The responses from the government, including yourself and the Minister for Finance were obstructive and unhelpful.

“This was despite the Minister for Finance being briefed by his officials about their concerns about this deal and other which involved IBRC. This was despite IBRC selling Siteserv to a Denis O'Brien company with a loss to taxpayers of least €105 million.

“So much for transparency.

“When the government eventually published the terms of reference for the Commission of Investigation, I wrote to you on 4th June pointing out that they did not deal comprehensively with all the issues that this Commission would need to examine. Deputy Mary Lou McDonald met the Minister for Finance Michael Noonan and made the same case.

“So, you were well warned that the scope of the investigation was not wide enough to carry out the necessary examinations. There is widespread suspicion that this was the Government’s intention all along.” 

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