McGuinness: Noonan 'misleading' public over possible PAC Siteserv inquiry

The head of the Public Accounts Committee said Michael Noonan is "misleading" people by saying the PAC could investigate the sale of SiteServ.

John McGuinness says the committee doesn't have the power to investigate any matters relating to Irish Bank Resolution Corporation or any of its dealings.

McGuinness: Noonan 'misleading' public over possible PAC Siteserv inquiry

Minister Noonan said there was nothing stopping other committees investigating Siteserv.

Earlier Michael Noonan said the internal inquiry being run by IBRC's liquidators did not stop any other committees from running their own inquiries.

Deputy McGuinness, however, said nothing can be done by the PAC unless it is given extra powers to investigate the liquidators' report.

McGuinness: Noonan 'misleading' public over possible PAC Siteserv inquiry

PAC chair John McGuinness claims the committee can't call witnesses on the issue.

"It's misleading of either the Taoiseach or the Minister to say that PAC will deal with this," he said.

"The remit of PAC will not allow it to go into IBRC, and will not allow it to call witnesses. If it's to be referred to us, it will have to be given to use with the appropriate powers to analyze it - and to call witnesses."

The inquiry into the sale of Siteserv, which resulted in a €100m debt write-off for the former Anglo Irish Bank, will examine every decision that resulted in the bank losing €10m or more. Siteserv was sold to another company controlled by businessman Denis O'Brien, despite larger offers being made.

Those close to the deal said that the O'Brien offer was the most straightforward and likely to proceed quickly, which affected the decision.

While Michael Noonan had ruled out widening the terms of the inquiry late last month, earlier today Minister Brendan Howlin suggested a commission of investigation could consider the issue.

More on this topic

Dáil hears new claims about Denis O'Brien's dealings with bankDáil hears new claims about Denis O'Brien's dealings with bank

Legislation set to give extra powers to inquiry into Siteserv saleLegislation set to give extra powers to inquiry into Siteserv sale

Liquidators refuse to provide full list of loans written off by IBRCLiquidators refuse to provide full list of loans written off by IBRC

Noonan: We stated information about Siteserv sale meeting 'as we knew it'Noonan: We stated information about Siteserv sale meeting 'as we knew it'


More in this Section

Varadkar continues to rule out working with Sinn FéinVaradkar continues to rule out working with Sinn Féin

Pollution down 20% following ban on traffic outside Dublin schoolPollution down 20% following ban on traffic outside Dublin school

'Cameron you were my north, my south, my east and west' - Student laid to rest in West Cork'Cameron you were my north, my south, my east and west' - Student laid to rest in West Cork

'Politics is hurling not soccer' - Varadkar insists FG will fight to recover in election'Politics is hurling not soccer' - Varadkar insists FG will fight to recover in election


Lifestyle

Orlagh Kelly owns The Reading Room bookshop on Main Street in Carrick-on-Shannon in Co Leitrim.We sell books: The Reading Room - ‘Small bookshops, curated by people who care, make a difference’

As Stockton’s Wing release a retrospective album, Mike Hanrahan tells Donal O’Keeffe about getting back on the road, and his love of cookingStill a beautiful affair: Mike Hanrahan talks about getting back on the road with Stockton's Wing

An ongoing cull is resulting in a major reduction in the deer population in one of the country’s most visited natural attractions.Donal Hickey: Deer birth patterns evolving

A Courtmacsherry neighbour, Kathy Gannon tells me that when the tide is out, the vast acres of clean, grey mud of the bay reflect the sun in splendour in the clear, sharp air.Damien Enright: ‘How enchanting for humanity that we have birds’

More From The Irish Examiner