DDDA coverup?
national |
anti-capitalism |
other press 
Saturday February 27, 2010 23:02
by V. Calanan
Minister John Gormley has agreed to publish two reports by Niamh Brennan into the operations of the DDDA. But he has not said that he will publish a third report.
This third report is an inquiry into the purchase of the Irish Glass Bottle site by the Becbay consortium composed of DDDA and private investors.
So presumably the Brennan reports do not deal with this affair; otherwise why the third report?
Brian Cowen, as finance minister, had to give the go-ahead for DDDA to be involved in this debacle.
The site was purchased for over 400 million euro, and is now valued at a fraction of this.
There were cross-directorships between Anglo Irish bank and the DDDA, and Anglo financed a huge chunk of the purchase. Now through Nama the Irish taxpayer must recompense Anglo for this toxic loan.
The question that arises is: will Gormley publish this third report and if not why no
Read more: http://www.examiner.ie/ireland/politics/gormley-gets-th...6j7c5
Comments (2 of 2)
Jump To Comment: 1 2Interesting article in London Times.
"What the directors agreed that morning is regarded as so ruinous for the taxpayer that there are rumblings that it could topple the government. Déirdre de Búrca, the Green Party’s former senator, has claimed that a three-part report on the DDDA’s financing, planning and corporate governance — which is being examined by the attorney general — is too hot to handle, containing “significant evidence of malpractice” that will visit great discomfort on Fianna Fail. In the Seanad last week, Eugene Regan, Fine Gael’s justice spokesman, challenged Brian Cowen, the taoiseach, to make a statement about his relationship with FitzPatrick."-
http://www.timesonline.co.uk/tol/news/world/ireland/art...3.ece
It is a case of the "emperors new clothes" as everybody , media, politicians, blueshirts etc line up to have a go at the DDDA. Where were these for the last decade when locals were crying foul. Oh yeah, they were "fumbling in the greasy till" too. There is a decade plus worth of dirt to dig on these chancers, and there are more than Fianna Failers worried about who knows what and whos gonna tell. Heres a piece from the Examiner newspaper, that scratches the surface a bit more.
http://cedarlounge.wordpress.com/2010/03/12/and-in-the-...ands/
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