Dáil debates

Wednesday, 10 June 2015

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed)

 

11:00 am

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

Yes. This is from Black solicitors, following the John Morrissey case:

It appears numerous illegalities have been carried out by Anglo Irish Bank and its successors over these 25 years. You, Mr. [Kieran] Wallace, have acknowledged under oath in US Court proceedings the overcharging of interest by the bank. As the overcharging has continued under your watch, you are jointly and severally liable for same, together with the Minister and Department of Finance, the Central Bank of Ireland and the Financial Regulator.
This is really serious stuff. No response has been received to letters that issued to NAMA on 7 January 2015, to the Central Bank on 22 January 2015, to the Minister for Finance on 3 March 2015, and to the Central Bank on 9 March 2015. We are now in June. This is serious stuff. There are loans that are being operationally processed by the originators of those loans. Now those loans are owned by third parties, including hedge funds, and they are calculating interest on an unlawful basis, even though it has been brought to their attention. This is shocking.

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