Siteserv

Gardai analysing if Siteserv report merits full investigation

The company was sold in 2012 to billionaire Denis O’Brien. An inquiry found the deal cost taxpayers almost €9m

Businessman Denis O’Brien

Gardai are analysing a report into the sale of Siteserv to Denis O’Brien, the businessman, to see if the organisation should launch a full criminal investigation.

A long-running state commission found taxpayers lost out significantly from the sale of Siteserv, an engineering services firm, to the billionaire by the Irish Bank Resolution Company (IBRC).

While the company was sold to O’Brien for €44 million, the commission found IBRC could have received €8.7 million more than ...