Inquiry urged over IBRC’s sale of firm

An independent inquiry is being demanded into the sale by IBRC of a company to businessman Denis O’Brien which later won a contract to install water meters across the country.

The Coalition faces questions over details surrounding IBRC’s sale of Siteserv to Millington, which Mr O’Brien owns. The sale of the company led to a €100m write-off for IBRC.

Independent TD Catherine Murphy has revealed documents that she claims show the Siteserv deal was among a number of IBRC sales over which Department of Finance officials raised concerns.