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IBRC IS NEVER out of the headlines at present with the ongoing Siteserv controversy just one of many stories that has the watching public enthralled.
But, as it happens, even the act of liquidating the bank is costing the Irish state a lot of money.
Responding to a parliamentary question from Renua leader Lucinda Creighton, Minister for Finance Michael Noonan has outlined the rates of pay KPMG are charging to wind up the bank.
The fees being charged, excluding VAT, by the accountancy firm are:
“These rates are based on NAMA negotiated rates for the relevant services. These rates were put in place following a competitive tender conducted by NAMA,” Noonan said in response to Creighton’s question.
The total cost of the liquidation in terms of fees stood at €112 million in June 2014, the last time a progress update was released by KPMG to minister Noonan.
This figure was net of a €7 million rebate agreed by the accountancy firm with the Ministry of Finance at that time.
IBRC has been in special liquidation since February 2013, when the Dáil famously sat throughout the night before passing a bill to wind the bank up immediately.
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Cowardly scum. Wouldnt compare them to animals though . Animals dont behave like that.
This type of crime is happening all to frequent these days. Legislation should be tightened in order to deter these "Animals" from even thinking about committing such a cowardly act. There should be fear imposed by going to court and answering for your actions. Not like the current system where you get a slap on the wrist and told don’t do it again. What makes it more sickening is that here in the Republic the Tax Payer foots the legal aid fees so that a scumbag can hire a solicitor. It just does no make sense :(
I actually feel ill when I read these type of stories. nothing shocks me in the news anymore except people attacking the elderly. absolutely scum of the universe
Should be hanged if caught.
I see were people call for tougher laws or these b*stards to be hung but if a story appeared tomorrow that these people were caught and had been beaten and tortured and left for dead by let’s say a paramilitary organisation there would be an outcry with posts complaining about punishment beatings. The bleeding heart brigade would be out in force. There would calls for more funding for rehabilitation of these offenders while this old lady may never recover. I say that an attack like this on an elderly person should not be treated as an assault but as attempted murder. Let’s stop defending this scum and send a clear message that there will be no excuses just a long prison term and when they get out they will be the vunerable ones.
I wouldn’t have any remorse if they were hung. Id do it myself.
Don’t worry folks Martin and Gerry will sort these scum bags out during campaign
Sick f—ers
have your say