Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

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

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

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

This is not something I am happy with. I am sure if there is one case, there must be others. In this instance, the way they were treated and the way they were dealt with in the context of trying to protect their family farm was unacceptable. I have read all of the correspondence so I do not expect Mr. Carville to have any answers for me. I have read all of the correspondence and believe that someone should be appointed to look at the case. The liquidators should look at it. The liquidators should meet and discuss it because if we cannot learn from something that happened that was wrong, then we are not learning. We can bulldoze this legislation through and get it to the other side but in doing that, how much are we taking away from the rights of people who are still trying, in some cases for 20 years, to get justice? They wrote to the IBRC who closed it off after 21 days, saying it was a complex case that cannot be dealt with. The information that has become available is shocking and I want to get it dealt with. There should be some mechanism within this legislation to ensure that the long tail Mr. Carville speaks about is shortened. The customers involved are elderly and have fought this for a number of years. There is no avenue for them to take, so the long tail will not suit them. There is an obligation, either on NAMA or the IBRC, to meet the customers of Anglo. If the Department can arrange that meeting, that would be great. If not, somebody should be appointed independently within this legislation so that customers know there is a person to go to who has access to all of the documents, without any hindrance, and who will deal with the queries that they might have and address the poor way they were treated. Mr. Carville cited the Central Bank. The Central Bank told them to go to An Garda Síochána.

We know where that goes. That is not an avenue. The sensible avenue is a conversation between those central to that bank and the customers, and it gets resolved or not.

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