Via Irish Times.
The judge investigating the Siteserv affair has found that the company’s chief executive had a “concealed financial interest” in Denis O’Brien’s successful bid for the business.
Brian Harvey – a Siteserv co-founder – backed Denis O’Brien’s proposal after negotiating a significant shareholding in the billionaire’s new company if his bid won, Mr Justice Brian Cregan said.
“The commission has found that at key stages in the sale process, Mr Harvey improperly favoured Mr O’Brien’s bid and put his own personal financial interests ahead of the interests of the company and its main creditor, the bank,” said the draft report.
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