The Centre for Public Inquiry has decided to close. As reported in several papers on Monday, Fergus Flood said there was “no alternative”. There were also allegations that Treasury Holdings was threatening legal action against the CPI and its members if a report was published naming them, in relation to the Dublin Port Company (DPC) deal. The Sunday Times reported:
The CPI began an investigation into property transactions in Dublin’s docklands, including a deal involving the Dublin Port Company (DPC), and other developments including Treasury Holdings’ joint venture with CIE on Spencer Dock.
The government has already come under pressure to explain why the state-owned DPC, chaired by former councillor Joe Burke, a political associate of Bertie Ahern, the taoiseach, did not go through a tender procedure before entering into a joint venture with private operators to develop a 32-acre site.
An apparent source at the CPI also noted:
“Various interesting operations are in progress which will never see the light of day because people are afraid to be sued for libel.”