{"id":1884,"date":"2022-09-07T16:35:45","date_gmt":"2022-09-07T15:35:45","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/siteserv-report-is-a-devastating-chronology-of-a-tainted-deal\/"},"modified":"2022-09-07T16:35:45","modified_gmt":"2022-09-07T15:35:45","slug":"siteserv-report-is-a-devastating-chronology-of-a-tainted-deal","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/siteserv-report-is-a-devastating-chronology-of-a-tainted-deal\/","title":{"rendered":"Siteserv Report Is A Devastating Chronology Of A Tainted Deal"},"content":{"rendered":"<p><em><strong>Named individuals peddled mistruths, concealed information and engaged in behaviour that the report describes as \u201cmanifestly improper and wrong\u201d<\/strong><\/em><\/p>\n<p>The report of Mr Justice Brian Cregan is a devastating chronology of the Siteserv deal which reveals the integrity of the sales process was tainted from the very start, according to Social Democrats co-leader Catherine Murphy.<\/p>\n<p>\u201cIt is clear, from Mr Justice Brian Cregan\u2019s lengthy report, that the integrity of the Siteserv sales process was undermined from the very start. In fact, the phrase \u201ctainted with impropriety\u201d is mentioned on 44 separate occasions in the body of the report.<\/p>\n<p>\u201cThe devastating chronology of the deal, detailed in the report, makes clear that certain parties, central to the transaction, manipulated the process in their own self-interest. These named individuals peddled mistruths, concealed information and engaged in behaviour that the report describes as \u201cmanifestly improper and wrong\u201d.<\/p>\n<p>\u201cThe report is replete with examples of undisclosed conflicts of interests by named insiders which ultimately resulted in a deal that the report finds was not commercially sound. The biggest loser in all of this was the State, given IBRC could have recovered up to \u20ac8.7 million more than the \u20ac44.3 million it agreed to accept in settlement of Siteserv\u2019s indebtedness.<\/p>\n<p>\u201cThis damning report is a clear vindication of my decision to raise issues, surrounding this deal, under parliamentary privilege in the D\u00e1il and I now urge the government to urgently act on its important recommendations.<\/p>\n<p>&#8220;However, the length of time the Commission took to publish its report, seven years, is evidence that the manner in which public inquiries are undertaken by the State is broken and needs urgent reform.\u201d<\/p>\n<p>7 September, 2022<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Named individuals peddled mistruths, concealed information and engaged in behaviour that the report describes as \u201cmanifestly improper and wrong\u201d The report of Mr Justice Brian Cregan is a devastating chronology of the Siteserv deal which reveals the integrity of the sales process was tainted from the very start, according to Social Democrats co-leader Catherine Murphy. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[182,8,7],"tags":[],"class_list":["post-1884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-catherine-murphy","category-latest-news","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Siteserv Report Is A Devastating Chronology Of A Tainted Deal - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/siteserv-report-is-a-devastating-chronology-of-a-tainted-deal\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Siteserv Report Is A Devastating Chronology Of A Tainted Deal - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Named individuals peddled mistruths, concealed information and engaged in behaviour that the report describes as \u201cmanifestly improper and wrong\u201d The report of Mr Justice Brian Cregan is a devastating chronology of the Siteserv deal which reveals the integrity of the sales process was tainted from the very start, according to Social Democrats co-leader Catherine Murphy. 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