Dáil debates

Wednesday, 10 June 2015

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

 

11:30 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

Here we go. The subject matter of the issue is in the terms of reference. This issue will be discussed at the Committee of Public Accounts tomorrow. Can people come in and talk about the subject matter of the terms of reference in committee after the Oireachtas has established this commission of investigation?

The relationship framework is also excluded from these terms of reference. The Minister and his Department delayed the implementation of the framework. The Minister made heavy play of the fact that the relationship framework which existed at the time of the Siteserv deal was the one he inherited before he came to power. He has not told the people of Ireland that shortly after he came to power, the troika asked him during one of their quarterly meetings to update the relationship framework. IBRC was pleading with the Department to do that because it had taken control of Irish Nationwide, which was not part of the previous relationship framework. There were several drafts of that framework during the troika's visits here. The Minister missed the deadline. His Department delayed and dragged its feet. The Minister should have had a revised relationship framework in place before the Siteserv deal was done.

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