Share Trades Spike Before Siteserv Deal KPMG TO INVESTIGATE! LOL!

A glimpse into Irish style mining of the stock market and the usual alleged insider type trading that passes for commercial sensitivity these days. KPMG TO INVESTIGATE! LOL!

Funny that main player and Ireland’s second wealthiest son, Denis ‘SUE’ O’Brien, had an official spin doctor on RTE’s Marian Finucane show today defending his position in the whole debacle. A tax exile, Mr.O’Brien earned the name SUE as he often personally sues journos who try to question his activities. The Spin Dr was screaming for full (non redacted) Freedom of Information disclosure of the documentation on the questioned SITESERV deal with the IBRC.

It also looks like IBRC, (the rebranded Anglo Irish Bad Bank) and the shadowy NAMA (National Asset Management Agency) as well as the NEW ERA aspects of the NTMA (National Treasury Management Agency) are allegedly up to  ‘STUFF’. (New Era is basically a euphemism for selling of the Irish Citizen’s State assets to – ‘pals’.)
But hey – who knows? These organizations are not generally subject to the Freedom of Information Act despite the fact they manage the citizens of Ireland’s interests.

Stories New and Old

Denis O’Brien And THAT Siteserv Deal

Share trades spike before Siteserv deal

Siteserv: KPMG men’s role in review likely to fuel controversy
Process to be dogged by perceived conflict of interest and failure to scrutinise politicians

Vincent Browne’s Politico.ie publishes correspondence from Denis O’Brien – including threats of legal action

 Marian Finucane

Ex-IBRC chairman says he is ‘scandalised’ at suggestion of malpractice

The last two tranches of the loan books of the State-owned bank have now been divested. Roughly 85% par value of the €9.3bn Project Stone, which was real estate loans originated in the Irish office of Anglo Irish Bank, was sold mostly to four buyers: Deutsche Bank, Lone Star, CarVal Investors and Goldman Sachs.

NTMA (Amendment) Bill: NewERA and €6.4bn Strategic Investment Fund

Hotelier to sue NAMA for ‘breach of privacy’

‘Civil servants asking the right questions are being attacked over Siteserv’

 

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