State faces €10m bill to fund Siteserv inquiry

The State will face a bill of at least €10m to fund the investigation into the 2012 sale of Siteserv by the IBRC to a company owned by billionaire businessman Denis O’Brien.

Taoiseach Enda Kenny met leaders of the opposition yesterday to discuss the latest attempts to get the Cregan Commission back on track after it ran into difficulty over confidentiality issues. It was agreed that Cabinet would discuss the issue next Wednesday and if approval is agreed, legislation will be brought to the Dáil with a view to having it passed in full before the Dáil rises for summer recess.

However, it emerged at the meeting that, because of the complex nature of the investigation, the costs associated with the commission are set to escalate significantly, with a figure “north of €10m likely”.