Tag Archives: Alan Dukes

Alan Dukes, former Chairman of IBRC at a press briefing in relation to the Siteserv issue on April 23, 2015  at the offices of Eames Solicitors, Dublin 2

He was ‘scandalised’.

Further to the leak this morning of a final draft of the Siterserv legal review that reportedly asserts:

‘The bank made its decision to approve the sale of the Siteserv group to Denis O’Brien in good faith, but based on misleading and incomplete information provided to it by the company.’

The State incurred a loss of more than €100 million on the sale.

Siteserv shareholders were paid €5 million as part of the deal.

Throughout the sale process, criticism was usually angrily shut down.

How angrily?

Via Irish Times (April 24, 2015)

Former IBRC chairman Alan Dukes said he is “extremely angry” the review of the Siteserv sale and other transactions conducted by the bank will seek evidence of criminality or malpractice.

The very fact that the possibility of criminality had been mentioned was “absolutely outrageous”, he told a press conference in Dublin.

Mr Dukes said he does not know the precise list of transactions to be covered under the Government-commissioned IBRC review into transations worth more than €10 million, but that he was “happy” the review is taking place.

However, he said he is “scandalised”at the notion of the review seeking evidence of malpractice by IBRC, a State-owned bank set up to wind down the assets of Anglo Irish Bank and Irish Nationwide.

There were “no grounds for suggesting that”, he told the press conference .

Some people, he said, saw “conspiracy in their tea leaves”, adding he wished to say “in the strongest possible terms” that any such allegations were out of place.

He said he tried not be paranoid, adding that did not mean “they’re not out to get you”, to laughter from many of those present….

Siteserv: Dukes ‘angry’ at suggestion of criminality (Irish Times, April 24, 2015)

Meanwhile…

Former Finance Minister Michael Noonan

[Alan Dukes] assured me that what happened was in the best interests of the State and consequently of the taxpayer”.

The deal was the deal and I was assured the components of the deal were necessary to get the best results for the taxpayer. All transactions were complete. There was no possibility of a reversal and I trusted Alan Dukes.”

Michael Noonan, April 22, 2015.

Good times.

Earlier: Now Den

Previously: Deal Timeline

 The Bank That Liked To Say Yes

RollingNews

Thanks Giggidygoo

Former Fine Gael leader Alan Dukes

This morning.

On RTE’s Today with Sarah McInerney, former Fine Gael leader Alan Dukes said Fine Gael’s EU Commissioner Phil Hogan and Fine Gael supporter,  Supreme Court judge Seamus Woulfe should not resign.

Yet he said it was “absolutely inevitable” and correct that Dara Calleary and Jerry Buttimer resigned.

He said:

“They are people with significant political offices who should have been giving an example to everybody else.”

But in respect of Mr Hogan and Justice Woulfe, he said:

“Government officers should certainly resign. I don’t think there’s a case for Phil Hogan to resign. It’s an egregiously stupid thing for him to have done and similarily for Seamus Woulfe. But I don’t think that, in any way, they’re in the same position in relation to public opinion and the public action we need to take in this country to deal with this.”

Ms McInerney pointed out that Justice Woulfe broke the health guidelines.

Mr Duke replied:

“I’m sorry I don’t think that this event, in any way, calls into question his judgment as a Supreme Court judge. The case for Dara Calleary and Jerry Buttimer is completely different.”

In addition, at one point, Ms McInerney, who is presenting her final Today show today, told listeners:

“It wasn’t just Phil Hogan, it wasn’t just Seamus Woulfe, former broadcaster Sean O’Rourke was there as well and others. And we’d be happy to hear from any of them and if they would like to come on the show before 12 o’clock, we will make space to speak to them.”

Earlier: Resigned

Meanwhile…

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A letter sent from former IBRC chairman Alan Dukes to Finance Minister Michael Noonan on February 14, 2013 

You may recall how Mr Justice Brian Cregan was appointed to carry out a Commission of Investigation into IBRC on June 16, 2015.

One of the terms of reference is “whether the Minister for Finance or his Department was kept informed where appropriate in respect of the transactions concerned, and whether he, or officials on his behalf, took appropriate steps in respect of the information provided to them.”

The commission’s establishment followed Social Democrat TD Catherine Murphy asking Finance Minister Michael Noonan questions about the sale of Siteserv to a company owned by Denis O’Brien.

Further to this.

The former chairman of IBRC Alan Dukes sent a letter to Finance Minister Michael Noonan on February 14, 2013 – a week after IBRC went into liquidation.

This letter was obtained from the Department of Finance by Ms Murphy, following a Freedom of Information request.

Readers will note there were three sentences redacted in the letter of February 14, 2013.

Following an appeal to the Information Commissioner, the commissioner annulled the decision of the department to redact these sentences.

It found the manner in which the Department had processed the request “most unsatisfactory” and not in keeping with the statutory provisions of the Freedom of Information Act.

Further to this, Justine McCarthy, in yesterday’s Sunday Times, reported:

The Sunday Times has established that the three missing sentences from Dukes’s letter are:

“1. The Department of Finance has at all times been provided with all papers presented to the board;

2. The Department of Finance has been entitled to have an observer at every meeting of the board;

3. The minutes of all committee meetings were systematically provided to the Department of Finance.”

…The ruling by Stephen Rafferty, an investigator in the information commissioner’s office, was made on February 8 but only made public last Thursday. The department has until March 1 to lodge an appeal to the High Court.

…When told what the redacted portion of Dukes’s letter says, Murphy replied: “It’s strange the department would have redacted that. It obviously gives a clue about something. There seems to be a surprisingly small amount of information [available] about the relationship between the department and the bank, given how bad we know that relationship was.

The information commissioner was quite scathing about the department and the fact they are taking their time about whether they’ll release it or lodge an appeal indicates there is not a culture of openness there.”

Anyone?

Revealed: Hidden claims over IBRC liquidation (Justine McCarthy, Sunday Times)

90190840Former IBRC chairman Alan Dukes and CEO Mike Aynsley in June, 2010

The Commission of Investigation will examine whether there is “prima facie evidence of material deficiencies” in the performance of those acting on behalf of IBRC, including board members, directors and management in relation to transactions.

It will also look at the staff of the IBRC’s wealth management unit… The interest rates, extension of interest rates or period of repayments that were given by IBRC, which resulted in a loss of more than €4m in interest, will be examined.

Unusual share trading which would give rise to concerns of insider information being improperly provided will also be investigated in relation to the transactions. The commission will report back by December 31

Hmm.

BRC commission to report back by end of year (RTÉ)

(Mark Stedman/Photocall Ireland)

moran:dukes

dukes:moran

John Moran, former secretary general at the Department of Finance (top left) and Alan Dukes, former Chairman of IBRC (top right) and an excerpt from the minutes of a meeting held between IBRC and Department of Finance officials on December 1, 2011

How tense?

Freshly obtained FOI documents by Catherine Murphy reveal the level of mistrust and rancour between the Department of Finance and Alan Dukes, chairman of IBRC, formerly Anglo.

They include a letter Dukes sent to former secretary general at the Department of Finance John Moran on October 6, 2011.

Followed by the minutes of two meetings between IBRC and Department of Finance officials  – on November 24 and December 1, 2011 – when both Dukes and Moran were present.

The final document is a letter Moran sent to Dukes on December 23, 2011.

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Alan Dukes (left) and Michael Noonan at a Fine Gael event in 2002

 

The Government is considering the appointment of a Commission of Investigation into certain activities and transactions at IBRC, former Anglo Irish Bank.
A proposal to establish such an inquiry has been brought to Cabinet today by Minister for Finance, Michael Noonan, using existing 2004 legislation. An announcement is anticipated later today.

The Government had previously asked IBRC special liquidators, Kieran Wallace [of KPMG, which advised on the Siteserv deal] and Eamonn Richardson to review various IBRC transactions which involved a cost to the Exchequer of at least €10 million or were seen to involve other matters of public interest.

RUN!

Government considering IBRC commission of investigation (Harry McGee and Cliff Taylor, Irish Times)

Earlier: Previously On ‘Falsified Documents’

Update:

CDXOGuNVIAEBH-O

Former IBRC chairman Alan Dukes defends his handling of the Siteserv transaction this afternoon at his solicitor’s office in Dublin.

Pic via Vinny Broderick

Earlier: It Wasn’t Me

00010732Alan Dukes attending the Moriarty Tribunal

In his evidence to the Tribunal on Day 285 (1 April 2004), Mr Alan Dukes described how he carried out his own investigation into the second mobile phone licence process following his appointment as Minister for Transport, Energy and Communications.

He stated that he discussed the matter with Senior Departmental Officials and examined the process which had been followed by the Department for the awarding of the licence, the criteria applied, the requirements to be fulfilled by the applicants, the evaluation methodology, the milestones to be observed in the process, the involvement of the external assessors, the composition and makeup of the project subcommittee involved in the evaluation process and how the winning applicant was ultimately chosen.

He told the Tribunal that following these discussions with those Senior Departmental Officials he had no doubt as to the integrity of the process. Importantly, Mr Dukes stated that this view had not changed having regard to all of the evidence that had been given to the Tribunal.

Good times.

Earlier: “The €5million Was An Essential Component”

What Did Alan Say In Evidence (MoriartyTribunal)

Meanwhile: UK company willing to fund action over Esat Digifone case (irish Times)

Thanks Eddie

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Former IBRC chief and FIne Gael leader Alan Dukes (top) and Enda Kenny in the Dail this morning taking siteserv questions from Sinn Féin President Gerry Adams.

You want Senior Hurling?

There you go now.

Earlier: Are You Satisfied?

Previously: Siteserv And The Bank That Liked To Say Yes

Contains Impurities

alan

 

“It seems inconceivable that senior management in Anglo didn’t know that the gardaí had sought court orders for these tapes

“Alan Dukes was appointed as a public interest director to the bank in December 2008 and paid €127,000 in 2010.

He became chairperson in 2010. But he wasn’t the only political appointment to the Bank. Former Fianna Fáil senator, Aidan Eames was appointed to the Board in June 2010.”

The Public Interest Directors didn’t inform the Central Bank at the time. It seems they didn’t even inform the government,”

“Why did Alan Dukes sing dumb? Tánaiste what are you going to do about these tapes?

 

Sinn Fein’s Mary Lou McDonald during Leader’s Questions this morning.

 

McDonald queries Dukes’ knowledge of Anglo tapes (Irish Times)