Phil Hogan (Carlow-Kilkenny, Fine Gael)

-----which has gone down the Swanee and was spent on activities at the behest of cross-directorships. The Minister has not confirmed to the House that he has examined all of the conflicts of interest which have emerged regarding these matters. He has not indicated to me today that any degree of accountability is being sought from people who were on the various sub-committees of the boards over the years who were making these decisions. If the Minister wants to whitewash all the decisions which were made by the board and several other boards over the years, that is his prerogative. However, his credibility is on the line in regard to getting to the truth.

I welcome the appointment of Professor Brennan, but I want to make sure she is getting the support of the Minister in commissioning reports which will not hide behind a particular process. We should know the names of individuals, the transactions and the truth about what has gone on to accumulate €230 million in losses over the past number of years because of a golden circle between Anglo Irish Bank and the Dublin Docklands Development Authority, in terms of cross-directorships. The Minister should tell us when he will have reports on corporate governance and the activities of the board, apart from the planning and finance functions, available to the House in order that we can discuss all of these matters in a truthful fashion.

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