Anglo liquidators charge State €295 per hour

Partners at accountancy firm, KPMG are charging the State €295 per hour for their work on the liquidation of the former Anglo Irish Bank.

New figures show the accountancy firm has enjoyed a spectacular property and banking bust, clocking up almost €100m in fees from the liquidation of the IBRC and its work with Nama.

According to figures provided by Finance Minister Michael Noonan, partners at KPMG are earning €295 per hour for their work on the special liquidation of the IBRC with directors receiving €260 per hour.