Politicians question Siteserv sale in Irish parliament

Image copyright PA
Image caption Irish businessman Denis O'Brien

The Irish billionaire, Denis O'Brien, has said that he didn't benefit unfairly from the controversial sale of a company by the state-owned former Anglo-Irish Bank, now known as the IBRC.

A subsidiary of the company, Siteserv, is installing water meters in the Republic.

There has been a lot of opposition to water charges.

The sale for £32m (45m euros) was controversial.

That's because £75m (105m euros) of taxpayers' money was written off.

The issue has now been raised on successive days by opposition politicians in the Irish parliament who have called for answers.

Mr O'Brien, who has extensive media interests including the Belfast Telegraph, said that since his company took over, employee numbers and revenues had doubled and that he would be more than happy to appear before the Irish parliament's Public Accounts Committee (PAC) if and when it examines the sale.

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