Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. The purpose of this is to establish a material relationship between a development that might be going through a local authority, and a member inside in the chamber, it doesn't necessarily have to be an estate agent or an auctioneer, it could be a builder, it could be a ... supplier, anything at all, whatsoever, it could be an electrician. However, in the situation where a person doesn't have a material relationship with the development or the plan or the proposal as it's actually going through the council but, subsequently, when the development is finished and the product is being put to market, the houses are being sold, and somebody comes in, in an estate agency role at that stage, and are now selling the houses, even though they had no relationship at the planning stage-----

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