DDDA & Anglo Irish Bank & Revolving Doors

April 29 2007

• Anglo Irish Bank chairman Sean FitzPatrick is on the board of the DDDA.

• DDDA chairman(0) Lar Bradshaw is a board member of Anglo Irish Bank.

• DDDA owns 26 per cent of a company called Becbay (1).
  

• DDDA director Niamh O'Sullivan's day job is as a director of Arup Consulting(2).

• Mary Finan ... Bank of Ireland ... member of the DDDA council ... consultant to the DDDA

• Ann Butler: Ex-10-Year-Director EPA-Ireland; DDDA Consultant; Contractor/Independent Consultant for Covanta at Poolbeg & at Rathcoole (Energy Answes alias).

(0) 1997-2007.
(1) Becbay borrowed about €400 Million mainly from Anglo Irish Bank to exploit Sandymount Strand.
(2) Consultants to stinking Poolbeg Sewage factory & possibly on proposed Waste-To-Toxics Incinerator?
____________________________________

Wheels within wheels within Dublin's dockland authority

SHANE ROSS, Sunday April 29 2007

http://www.independent.ie/business/wheels-within-wheels-within-dublins-dockland-authority-124825.html

IT IS always hard to detect the wheels within wheels. But the gigs that land in companies associated with the directors of the Dublin Docklands Development Authority are remarkable.
Everyone knows that the DDDA chairman Lar Bradshaw is a board member of Anglo Irish Banks. And everyone knows that Anglo Irish Banks chairman Sean FitzPatrick is on the board of the DDDA. These guys have an uncanny ability to recognise each other's talents.
So should we really be that surprised if Anglo gets so much business from the Dublin Docklands Development Authority?
Provided all of the business goes out to tender, that is fine.

DDDA owns 26 per cent of a company called Becbay.

Becbay bought into Paul Coulson's glass bottlers site which was sold for €412m.
Becbay borrows from Anglo Irish Banks. Indeed, the DDDA borrowed a pile from Anglo in January and then poured the money into Becbay. A nice little number for Anglo.
No doubt Sean and Lar had nothing to do with any loans from Anglo to the DDDA.
DDDA director Niamh O'Sullivan's day job is as a director of Arup Consulting engineers. The annual report reveals that Arup works as a consultant to the DDDA.
Another director was on the board of a company which did plenty of business with Anglo some years back.
Super ambitious serial director Mary Finan - believed to be eyeing a board place on the Bank of Ireland - is a member of the DDDA council. One of Mary's biggest gigs is as chairperson at Wilson Hartnell, another firm which has worked as a consultant to the docklands company.
When we asked the DDDA for a comment on all the cross-directorships on the DDDA - the declaration of interests, etc - it sent us back a po-faced reply: Becbay had tried several banks for its funding of the glass bottle purchase; it followed best practice, etc, etc.
Funnily enough, it failed to respond to the question about DDDA council member Mary Finan and her Wilson Hartnell's consultancy to the DDDA.
The bland statement in defence of the DDDA was signed by none other than Wilson Hartnell. No doubt they charged a fat fee for it.