Michael Noonan (Limerick East, Fine Gael)

Are there penalties in law for people involved in banking who knowingly supply false information to the Minister, the Department, the regulator's office and the Central Bank? When will we see some action in the pursuit of people who knowingly supplied false information on which major decisions were taken? This is now costing the taxpayer €32 billion, which is seeping back into the national accounts through the promissory note mechanism to which Deputy Burton has drawn attention and magnifying the problems the country is facing at present. Is there law that covers this and does the Minister intend to take action?

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