Dáil debates

Thursday, 24 September 2015

12:50 pm

Photo of Mick WallaceMick Wallace (Wexford, Independent) | Oireachtas source

The proceeds of the sale of Project Eagle are the proceeds of crime and the Criminal Assets Bureau should now get involved. CAB could get an interim freezing order in the High Court within a few days and stop the profits being taken offshore. We know, for example, that Cerberus staff were forcing borrowers to pay them back loans urgently and were telling frightened borrowers to talk to Cardinal Capital, another American hedge fund, as it had been lined up for the refinancing side of the loans which had been legally taken over by Cerberus. We will not get the truth of this until the Government is happy to initiate a proper independent inquiry. I ask Tánaiste please not to leave as part of her legacy the fact that she did nothing about NAMA's workings.

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