Dáil debates

Tuesday, 29 September 2015

4:35 pm

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

I get the impression the Taoiseach is trying to hide behind the fig leaf of Oireachtas committees. I have already been to the Garda and I have been to the National Crime Agency, the British authority that is investigating the matter. I have already been to both of them. However, I cannot understand why the Taoiseach does not want to do anything about it.

Cerberus is under criminal investigation in two countries and it still has not been disqualified from looking at Project Arrow, which it is threatening to buy. Project Arrow has a par value of €7.2 billion and it appears it may be sold for something in the region of €1 billion. As 50% of it is made up of residential units in the Republic, and we have a housing crisis, where is the logic of selling Project Arrow to an entity such as Cerberus, which is being investigated for criminal activity in two countries? The Taoiseach could not make this up. It is absolute nonsense.

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