Taoiseach says that cost of NAMA commission so far is over €2.5 million
So far, €2.5 million has been spent on the commission since it was established in 2017.
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So far, €2.5 million has been spent on the commission since it was established in 2017.
The legal action was first filed in 2011, and had been expected to last a number of months.
Justice Garrett Simons said there was ‘no realistic basis’ for the application.
The action first initiated in 2011 was delayed for several years pending criminal cases against various Anglo officials.
The Department of Finance confirmed that a former IBRC bank official had IBRC documents, and attempted to use them in an ongoing court case.
The inquiry is investigating the sale of IBRC loans where there was a loss of at least €10 million to the taxpayer.
The commission is probing transactions involving the Irish Banking Resolution Corporation (IBRC).
Sean FitzPatrick has pleaded not guilty to 27 offences under the 1990 Companies Act.
Sean FitzPatrick is facing charges of misleading the bank’s auditors about millions of euro in loans.
The trial is expected to run for three months.
The Kildare North TD alleges O’Brien went guarantor on a loan to a property developer.
The ongoing investigation into the IBRC and the Siteserv deal has been held up by strict issues of legal confidentiality.
The judge also rejected that the inquiry would lead to significant financial hardship for him.
An interim report published this evening shows the IBRC loans/Siteserv inquiry is in trouble.
The Sinn Féin TD has had a number of questions about the IBRC inquiry disallowed.
Denis O’Brien, IBRC and an obsessive TD are all part of tangled web of controversy.
The Taoiseach said he received a letter from Judge Brian Cregan last Friday about the difficulties the inquiry had encountered.
The inquiry into the sale of certain loans by the former Anglo Irish Bank is in trouble.
Emergency measures are being considered to keep the inquiry on track.
The action was taken by the businessman earlier this year over remarks made in the Dáil under privilege regarding his banking affairs with IBRC.
The retired judge is stepping down, citing personal reasons.
A parliamentary question has revealed that as many as 40% of commercial loans had interest rates of less than 2%.
Some consultants for the firm are charging a standard rate of almost €300 per hour to wind down the bank.
Everyone was talking about mad cows, free trade and tattooed workers.
Brian Hayes said he does not believe there was any wrongdoing in deals made between O’Brien and IBRC.
Michael Noonan said he’s “confident” he has addressed the opposition’s concerns.
A Dáil committee has ruled that Murphy’s now infamous remarks were not an abuse of parliamentary privilege.
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Sinn Féin’s Pearse Doherty said the businessman made three attempts to extend loan agreements with the liquidators of IBRC before a fourth attempt was accepted.
Meanwhile, the new terms of reference into the IBRC inquiry have been released.
The cabinet is to debate media merger guidelines today.
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The Taoiseach has said it’s not possible to issue a deadline for the Commission of Investigation.
The judge agreed that Willie McAteer would not be able to afford the trials unless he had “extraordinary means”.
Alan Dukes said the Siteserv sale was put before the Central Bank and no issues were found.
The independent TD said “serious questions” remain unanswered.
Previously undisclosed board minutes reveal new details about the Siteserv controversy.