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