Catherine Murphy, an Independent TD (Teachta Dála; member of Dáil Éireann, the lower house of the Oireachtas) has her had comments about the relationship between billionaire Denis O’Brien and Ireland’s former state bank, Irish Bank Resolution Corporation (IRBC) censored through a court injunction, successfully preventing the information becoming known to the public.
Ms Murphy has alleged in parliament that Mr O’Brien made a verbal agreement with the former CEO to be charged an interest rate of 1.25% instead of 7.5% on outstanding sums upwards of €500 million. Following emergency liquidation of the bank, Mr O’Brien then demanded that special liquidator Kieran Wallace maintain the same favourable terms of the verbal agreement. Unfortunately, due to the court injunction, there’s no way for you to become aware of this information.
Due to the size of the outstanding sums, the allegations imply that the Irish people were subsidising Mr O’Brien’s loans to the tune of tens of millions of Euros. In a situation like this normally, Mr O’Brien would have to be concerned about the public finding out this information, however, thanks to the court injunction issued by high court Judge Donald Binchy, the media magnate has successfully stopped people being able to find out.
The (un)Australian questioned Jamie Dougherty, a 25 year old barista from Dublin, about his opinions on court injunctions being used to censor reports on the activities of parliament. In what may be an example of the shocking reach of the injunction, the average youthful citizen seemed uninformed about Catherine Murphy’s speech, who Dennis O’Brien is, the fact there was an IRBC, the policies of Ireland’s major political parties, who his local representative was, that there’s a youth unemployment rate, and if there was a scientific consensus on global warming.
An example of how a media company would violate the court injunction would be to link people to this video of Ms Murphy introducing a bill to permit the Comptroller & Auditor General investigate SiteServ, where she highlights her accusations about Mr O’Brien and Mr Wallace.
Editors Note: As this news article relates to something that is protected by a court injunction, it is recommended that you should not have read this article, especially if you live in Ireland.
Matthew Farthing is the European reporter for the (un)Australian. He refuses to go out drinking with Phil Lynott as the Thin Lizzy lead singer insists the pub plays “The Boys Are Back In Town” anytime he and his friends enter.