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Redacted version of O’Brien judgment

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Some sections that would have been redacted from the judgment are now included because of comments made by Independent TD Catherine Murphy under Dail privilege.

When Mr Justice Donald Binchy made an order two weeks ago prohibiting RTE broadcasting a story about Denis O'Brien and IBRC he stopped the media reporting the details until his judgment was redacted.

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But a week later under Dail privilege TD Catherine Murphy claimed Denis O'Brien was receiving a 1.25 % interest rate from IBRC and sought a continuation of a verbal agreement with the bank's special liquidators.

Now the 48 page judgment is available with 4 redactions there would have been more but the deputy's comments mean the information is already in the public domain.

The judgment does shed light on why Denis O'Brien stopped RTE's broadcast into corporate governance at the state owned bank.

Mr Justice Binchy says if a verbal agreement was reached without approval from IBRC's credit committee it would be indicative of a failure of corporate governance but he found no evidence of a substantive nature was presented to the court that would show that was the case.

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