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Monday 27 April 2015

Catherine Murphy referred to another of those beneficiaries of the 5 million sweetener, as a personal friend of DOB's. One Brian Harvey whose 16% share in SS netted him a cool €800,000.00

Dail Transcript:
I have been raising these concerns because when I started examining how the lucrative Irish Water metering contract had been awarded, the trail led me back to the IBRC sale to Siteserv, whose subsidiary, Sierra, went on to win the metering contract, and to the Denis O’Brien-owned Millington. 

That led me to a web of potential conflicts of interest which I am still trying to understand. I refer to people such as Mr. Richard Woodhouse, the head of specialised asset management in IBRC, who also managed the Siteserv account and the personal borrowings of the Siteserv CEO, Brian Harvey, as well as being a personal friend of Denis O'Brien. 

That brings me to Davy. There was one Davy adviser advising five Siteserv board members. The same legal firm, Arthur Cox, was advising or working on behalf of both seller and buyer in this deal.

I have tabled parliamentary questions but they have not been replied to, so I am asking questions here. 

Important text:
I have been told by a whistleblower, although I am open to hearing the Minister of State’s version of this, that Millington was not even considered in the first round of bids and that Millington received a letter from the aforementioned Mr. Richard Woodhouse informing it that it needed to change its bid if it was to be considered in the second round. Millington added a €5 million cash sweetener for the shareholders to the bid and Millington was successful. The memo I got through freedom of information today again reiterates the point and the Minister’s concern that the decision to exclude trade buyers was serious. It is even more serious in the context of the metering contract which was later won.



https://www.kildarestreet.com/debate/?id=2015-04-21a.387

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