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Dukes welcomes IBRC review plan
25 Apr 2015 10:10
Former IBRC chairman Alan Dukes has said he is extremely angry at any suggestion there could be "criminality" in any transactions by the Irish Bank Resolution Corporation.
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Speaking at a press conference, Mr Dukes said it is the Government's "prerogative to have a review of anything they want to have a review of", but said he found it "outrageous" there was any mention of criminality or malpractice.
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Mr Dukes added that he knew the Government felt it had to give in to political pressures, but claimed the situation was coming near a point of absurdity.
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Last night, Minister for Finance Michael Noonan announced a review of the sale of construction firm Siteserv and other transactions by the IBRC, formerly Anglo Irish Bank.
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Speaking to RTÉ News today, Mr Noonan said the review would look at whether any of those transactions involved malpractice or criminality.
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Defending the bank's actions, Mr Dukes outlined a series of steps which ensured that the interests of IBRC were protected in the Siteserv transaction.
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He said the board went through the deal in detail and there were regular reports to the board on the transaction.
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There were steps taken to deal with any conflict of interest issues, he said.
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Mr Dukes said the Department of Finance was involved and briefed on the process.
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