The oversight by the Department of Finance on the Special Liquidators handling of the liquidation of the Irish Bank Resolution Corporation (IBRC) has been, and continues to be, woefully inadequate, Catherine Murphy TD has said.

In the wake of a damning second periodic report by the Public Accounts Committee which includes a section on the Department’s oversight of the liquidation process, Catherine Murphy drew attention to a PQ reply she received which confirms that the Special Liquidators are controlling the information that is made available to the Department on issues relating to the liquidation process.

Deputy Murphy had asked a question regarding the fact that confidential internal IBRC documents were being circulated by a former IBRC executive and are now being used in a case involving the State in the interests of a former debtor of IBRC.

The reply shows that when the Department asked the Special Liquidator how these documents came to be released the Special Liquidator told the Department that they would “not be in a position to comment.”

29th March 2018

ENDS