Department of Fiance Answers Email Inquiry About Sale of Quinn Group.

It's a very dangerous situation when the present Minister Of Finance wash's his hands of matters when it suits him especially in relation to the takeover of Quinn Group by Anglo and now the sell off. 

Read the response his dept sent back to a Concerned Irish Citizen when asked "did he sign off on the sale of Quinn Group companies" and then watch the video. See link to YouTube.

http://www.youtube.com/watch?v=xn5HxsEkMTI

The present Government of Ireland cannot be trusted and are undermining the democracy of Irish citizens on all fronts. 

Remember he said it was about protecting jobs. All out the windows now.

25  March 2014

Dear Sir,

The Minister for Finance, Mr Michael Noonan T.D. has asked me to refer to your email of 1^st March 2014 regarding the Quinn Group.

As you will be aware, IBRC, now in liquidation, has only a 25% voting interest in the Quinn Group.  As a result the Bank was not directly involved in the day to day operations of the Group.  The Quinn Group is run by a Board of Directors (one of which is appointed by the IBRC, now the special liquidator) and management team.  All operational, HR, performance and day to day business issues are being managed by this team and any buyout proposals such as this should be issued directly to them.

As you may be aware there was a comprehensive Relationship Framework in place between IBRC, (now in liquidation) and the Department, the purpose of which was to recognise the separation of IBRC from the Department and to limit the intervention of the State in the conduct of the bank’s business.  Following the liquidation, all queries regarding the operations of the Bank should now be addressed to the Special Liquidators.

Yours sincerely,

________________

Alex Lalor,

Private Secretary

http://www.youtube.com/watch?v=xn5HxsEkMTI