Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour)
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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-----