Asset Details
Do you wish to reserve the book?
PAC told Siteserv deal did not cause IBRC liquidation
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
PAC told Siteserv deal did not cause IBRC liquidation
Do you wish to request the book?
PAC told Siteserv deal did not cause IBRC liquidation
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Newspaper Article
PAC told Siteserv deal did not cause IBRC liquidation
2015
Overview
In a detailed 21-page note on its relationship with the IBRC, the department set out its actions after concerns were raised over the Siteserv deal, which saw the taxpayer suffer a EUR 100m loss. The department said: \"The decision to pursue the promissory note transaction, liquidate IBRC and appoint special liquidators was not the result of any concerns regarding individual IBRC transactions or the relationship with management.\" The document states that Finance Minister Michael Noonan and his officials' concerns around the deal centred around why higher bids were not accepted; why shareholders got EUR 5m; and why Siteserv was allowed run the sales process. Siteserv was sold to Denis O'Brien's Millington by the IBRC at a loss to the taxpayer of over EUR 100m.
Publisher
Independent News & Media
Subject
