Any IBRC delay ‘will hurt State credibility’

Lack of a speedy interim report into the IBRC controversy will lead to a major credibility gap for the investigation into goings-on at the bank, opposition leaders have warned.

With the Cabinet set to agree final terms of reference for the probe today, Finance Department sources indicated that legal issues would not allow a break-out early conclusion looking at specific areas of the controversy over Siteserv.

A senior Government source said: “It could end up making the whole process longer as the judge would need to break off and do it, and it is also difficult to separate issues out.”