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Interim IBRC shows up a failure on an epic scale – Doherty

19 November, 2015 - by Pearse Doherty TD

Sinn Féin spokesperson on Finance Pearse Doherty TD commenting on the publication of the first Interim Report of the Commission of Investigation in IBRC has accused the government of establishing a Commission of Investigation that “did not have the legal powers to carry out its investigation properly, had insufficient resources and an inadequate timeframe. This has been a disaster from the outset and vindicates Sinn Féin’s rejection of the Terms of Reference.”

The Sinn Féin Finance spokesperson called on the government “to give a firm assurance that the necessary emergency legislation, resources and staff will be put in place by Christmas to provide the Commission of Investigation with the necessary legal powers to do its job.”

Deputy Doherty said:

“On an initial reading of the interim report from the IBRC Commission of Investigation and the letter from Judge Cregan (dated November 13th) which deals with the Terms of Reference of the Commission, it is clear that Sinn Féin’s opposition to the Terms of Reference in the debate in the Dáil and our decision to vote against them is entirely vindicated.

“I am concerned that the Report seems to rule out any possible investigation into the claims I made in the Dáil regarding Denis O’Brien’s loans. Ministers Noonan ad Bruton lined up in the Dáil after I made these comments to insist they would be investigated. The Report today says they were wrong.

“The Interim report and Judge Cregan’s letter underlines the shambolic manner in which this government planned for and established the Commission. I have very serious concerns at the inadequate legal advice provided to the government by the Attorney General. At minimum, legislative change is needed and the report goes so far as to say constitutional issues might remain.

“The Report is a list of serious failure on an epic scale. The Commission is understaffed and under resourced and the Judge even draws attention to his own actual or perceived conflicts of interests. It won‘t even be able to investigate some of the core concerns in the public’s mind that eventually forced the government to investigate the IBRC deals.” 

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