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Nearly every FOI request about the liquidation of Anglo has been refused

Eleven out of 12 Freedom of Information requests to the Department of Finance about the liquidation of IBRC have been refused. The other was withdrawn.

Minister for Finance Michael Noonan's department has refused almost FOI requests about he liquidation of IBRC
Minister for Finance Michael Noonan's department has refused almost FOI requests about he liquidation of IBRC
Image: Laura Hutton/Photocall Ireland

THE DEPARTMENT OF Finance has refused 11 out of 12 Freedom of Information requests to it about the liquidation of the former Anglo Irish Bank with the other withdrawn.

Michael Noonan’s department has received a dozen information requests regarding the liquidation of the bank now known as Irish Bank Resolution Corporation (IBRC) since the government decided to wind it down in February of last year.

The Depatment “refused in whole” 11 requests while one was withdrawn and dealt with outside the Freedom of Information process, the Finance Minister confirmed in answer to a parliamentary question.

Fianna Fáil TD Colm Keaveney had asked for details of the number of FOI requests that had been received and what response they had got.

The Department was unable to provide details of the nature of the requests and the reasons they were refused at the time of publication.

IBRC, formerly Anglo, was dramatically liquidated in February 2013 on what became known as ‘Prom Night’ as part of the government’s attempt to abolish the €30.06 billion promissory note arrangement and replace it with long-term government bonds.

The liquidation process, being carried out by KPMG, has so far cost in the region of €112 million with IBRC set to be essentially wound up as a going concern before the end of the year.

However the company will continue to exist to fight legal actions it is currently engaged with, most notably the case against the Quinn family.

Read: Here’s how much the wind up of IBRC has cost us so far

Read: 400 former IBRC staff will miss out on improved redundancy package

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Hugh O'Connell

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