Docklands chief admits €412m deal ‘flawed’

The acting chief of the Dublin Docklands Authority acknowledged a “flawed process” was used to buy the Irish Glass Bottle site for €412m — the most expensive property purchase ever by the State — amid claims a “golden circle” sealed the deal.

Angry TDs yesterday argued a “maze of conflicts of interest” surrounded the purchase of the Ringsend site, which has landed the Dublin Docklands Development Authority with a €52m bill.

Former authority board members will now face questioning before an Oireachtas committee.