The University of Limerick spent €11.44 million on 20 homes in Rhebogue, valued at approximately half that amount, raising concerns of mismanagement and potential fraud.
A fact-finding review by consultants revealed that UL overlooked a more cost-effective accommodation option that could have satisfied student housing needs before pursuing the Rhebogue purchase.
The ongoing investigation touches on the wellbeing of a whistleblower who raised concerns about the transaction, with criminal implications linked to harassment and intimidation.
The Higher Education Authority has initiated a special review into similar past transactions completed by UL over the past 15 years, focusing on governance and oversight.
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