Dáil Éireann Debate, Tuesday - 30 June 2020
40. Deputy Alan Kelly asked the Minister for Finance the amount spent on the Commission of Investigation into the Irish Bank Resolution Corporation in each of the years 2015 to 2019 and to date in 2020; and if he will make a statement on the matter. [12840/20]
View answerA breakdown by year of the costs incurred by the Department of Finance on the IBRC Commission of Investigation is set out in the table below.
|
Year |
Total |
|
2015 |
€223,724.55 |
|
2016 |
€27,180.63 |
|
2017 |
€74,303.49 |
|
2018 |
€31,383.64 |
|
2019 |
€280,405.67 |
|
2020 (YTD) |
€117,374.60 |
|
Total |
€754,372.58 |
The total amount of €754,372.58 is made up of legal costs of €728,155.17 and €26,217.41 which was spent on an eDiscovery tool required to comply with directions from the Commission.
In addition to the costs incurred by the Department of Finance, the Special Liquidators of IBRC incurred the costs as set out below.
|
Year |
Total |
|
2015 |
€2,249,711 |
|
2016 |
€764,040 |
|
2017 |
€121,951 |
|
2018 |
€45,396 |
|
2019 |
€85,245 |
|
2020 (to end-May) |
€90,906 |
|
Total |
€3,357,249 |
The total amount of €3,357,249 is made up of KPMG costs of €2,787,131 and legal costs of €570,118.
