Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

2 o’clock

I move amendment No. 2:

To delete all words after "Dáil Éireann" and substitute the following:"notes that:

-- there are ongoing legitimate concerns regarding aspects of the sale by the National Asset Management Agency (NAMA) of the Northern Ireland loan book portfolio, Project Eagle;

-- some deeply troubling and extremely serious allegations relating to the sale in Northern Ireland have come into the public domain;

-- it is imperative these concerns and allegations are fully addressed and investigated in a comprehensive and timely manner;

-- the UK National Crime Agency is currently conducting a criminal investigation and this investigation is at a crucial stage; and

-- the Comptroller and Auditor General is currently conducting a Section 9 of the Comptroller and Auditor General (Amendment) Act 1993 value for money review into Project Eagle and, when this is completed, it will be considered by the Committee of Public Accounts;

agrees that:

-- no action should be taken at this stage which could potentially hamper the criminal investigation into these matters;

-- the Committee of Public Accounts will, following completion of the Comptroller and Auditor General special report, have an important role in assessing the extent to which taxpayers' interests were fully protected during the work of NAMA; and

-- a Commission of Investigation may be necessary once the outstanding criminal investigations have been concluded and, in that scenario, should be established without delay; and

in the meantime, calls for continuing full co-operation to be provided by all State agencies, including NAMA and the Department of Finance, in all relevant investigations into this serious matter."

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