Stephen Donnelly (Wicklow, Independent) | Oireachtas source

Today's Irish Independent contains a report that a dossier has been presented to the Garda Commissioner on the conduct of a previous employee of NAMA. It indicates the dossier includes an allegation that the official fed information from NAMA to named individuals who should not have received it. The Irish Daily Mail also references very serious allegations of price manipulation and off-market deals. My understanding is that several news outlets have significantly more information, which they are examining, involving potentially improper behaviour by NAMA. I hope, as I am sure we all do, that these allegations are baseless but if they are not, it is possible the State will be exposed to very significant costs if an aggrieved party sought and was awarded damages for potential wrong behaviour. Regardless of whether the allegations are true - I hope they are not - they compromise NAMA's ability while they are left untested, and the agency cannot do the best job it can in returning as much money to the State as possible. For example, a potential bidder for NAMA assets may decide it will not bid as it may feel other bidders have access to confidential information which they do not.

These are not new allegations, as the Taoiseach knows. The allegations around the official surfaced in 2011 and the Garda began investigations at NAMA's request in 2011. In 2012 NAMA conducted its own report. Since 2011 and the initial allegations, what steps has the Government taken to ensure no leaking of confidential information from NAMA can take place? Is the Taoiseach satisfied that all steps have been taken and that NAMA is now watertight?

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