IBRC probe unsure if it can overrule a claim of confidentiality on deals

The inquiry examining transactions by IBRC has said its hands are tied in deciding whether to overrule a claim of confidentiality over 200,000 documents received on debt write-offs.

The inquiry has declared it would face a legal challenge if it decided the issue of confidentiality was outweighed by public interest when it comes to circulating documents about IBRC deals.

The legal considerations are contained in a 77-page document released by Judge Brian Cregan, the chairman of the commission of investigation examining up to 38 deals done by IBRC.