Oireachtas Joint and Select Committees

Thursday, 5 December 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank: Discussion

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I am even more confused now. There is an address at Victoria Buildings on Haddington Road in Dublin which over 150 vulture funds have registered as their address with the Companies Registration Office. When one turns up to these vulture fund offices, one is meant to be able to access information on the shares register. Some Members of these Houses visited this location at which these 155 vulture funds are registered.

To this day, they have not had sight of the shares register for the companies involved, even though it is meant to be available under company law. How are they operating here with secretarial services and the same directors nominated here and there, yet there is nothing but a nameplate? From a consumer or customer point of view, one will not get a meeting there. One might meet them in the canteen, the local pub or in a hotel, but the point is that they are operating in this country and there is not much transparency in terms of what is happening. I was shocked when Deputies Mattie McGrath, Michael Collins and Nolan told me what was going on there. I just do not think we have a handle on it.

Comments

No comments

Log in or join to post a public comment.