herald

Tuesday 6 December 2016

TDs to be warned about inquiry leaks

Kevin Cardiff's evidence is expected to contrast sharply with testimony already given to the committee by senior bankers Eugene Sheehy and Brian Goggin
Kevin Cardiff's evidence is expected to contrast sharply with testimony already given to the committee by senior bankers Eugene Sheehy and Brian Goggin

MEMBERS of the Oireachtas Banking Inquiry will today be warned about the leaking of official documents after the statement of a former senior civil servant appeared in the media days before he was due to give evidence.

TDs have expressed concern that the work of the inquiry has been undermined following the alleged leak of a written statement due to be given on Thursday by former Secretary General at the Depart- ment of Finance Kevin Cardiff.

Mr Cardiff was the senior banking official at the Department of Finance on the night of the guarantee, September 29, 2008.

He is due to claim that senior bankers in AIB and Bank of Ireland explicitly sought a broad bank guarantee when they approached the Government for financial aid.

Mr Cardiff is also expected to claim he warned then Taoiseach Brian Cowen about acceding to their request.

His evidence is expected to contrast sharply with testimony already given to the committee by senior bankers Eugene Sheehy, the former AIB chief executive, and Brian Goggin, the former CEO of Bank of Ireland.

Mr Sheehy has previously said AIB had only looked for and expected a four-bank guarantee, with Anglo Irish Bank and Irish Nationwide excluded.

Mr Goggin said it was his input that the system outside of Anglo and Irish Nationwide would need a guarantee for some period of time.

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