State auditor questions IBRC liquidation oversight

The Comptroller and Auditor General Seamus McCarthy said last week the absence of any committee of inspection for the IBRC liquidation was 'certainly unusual'

24th September, 2017
Fianna Fáil TD Marc MacSharry

The state’s auditor has described the lack of oversight over the amounts being charged in legal and professional fees by the special liquidators of the former Anglo Irish Bank as “unusual”.

The Public Accounts Committee (PAC) is to investigate the fees being charged by KPMG to oversee the liquidation of IBRC, the bank established to wind down the defunct Anglo Irish Bank and Irish Nationwide.

The special liquidators are charging the...

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