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TD outlines O'Brien's IBRC deal
28 May 2015 23:11
Independent TD Catherine Murphy has spoken in the Dáil about the business relationship between Denis O'Brien and the Irish Bank Resolution Corporation (IBRC) - the former Anglo Irish Bank - including alleged details of his loans.
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She has given details, which RTÉ is unable to report following a High Court injunction last week preventing RTÉ from reporting any details of Mr O'Brien's relationship with IBRC.
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The issue arose from a story planned by RTÉ's Business Editor David Murphy.
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On Thursday 21 May the High Court granted Denis O'Brien an injunction against RTÉ, which prevented the broadcaster from broadcasting any confidential information giving details of the businessman's personal banking arrangements with IBRC.
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The injunction did not cover a statement Ms Murphy previously made in the Dáil on 6 May.
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In this statement she said Mr O'Brien's loans had expired and he had written to Kieran Wallace, the special liquidator of IBRC, seeking the same terms as the previous management of IBRC had allowed him to pay off his loans in his own time at low interest rates.
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This afternoon under Dáil privilege, Ms Murphy gave further details of Mr O’Brien’s relationship with IBRC. However, RTÉ is legally restricted from reporting what she said, because to do so would breach the injunction already granted against it.
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Mr O'Brien today accused Ms Murphy of making false statements about him. He said it was a deliberate abuse of Dáil privilege.
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He claimed her ultimate objective was electoral advancement with a disregard for the truth.
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Ms Murphy has reacted strongly, saying she got information from a number of reliable sources and that it was without doubt in the public interest.
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She said she had a duty to put that information into the public domain and she added she fully intended to fulfil her democratic mandate.
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She said she would not be intimidated by statements accusing her of wrongdoing.
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Former CEO of IBRC Mike Aynsley issued a lengthy statement responding to Ms Murphy's comments in the Dáil. RTÉ cannot report all of his statement. He said he totally rejected her objectionable and untrue statements.
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Mr Aynsley said he was concerned Ms Murphy had used Dáil privilege to make defamatory comments.
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