Dáil debates

Wednesday, 1 February 2017

Questions on Promised Legislation

 

12:45 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

I do not know the individual that Deputy Deasy is talking about. What I do know is that I met with party leaders last September with a view to hearing their views on the issues of public concern arising from NAMA and Project Eagle. I subsequently received a number of submissions from party leaders on the matter. I met them again on 4 October. It was agreed in principle to establish a commission of investigation under the Commissions of Investigation Act 2004 to investigate into the significant matters of public concern arising from this in relation to NAMA. This will be based on terms of reference providing for the sale of Project Eagle to be investigated in the very first module of that commission of investigation.

At those meetings, the party leaders also acknowledged that there would be significant limitations on the commission's work, given the location of potential witnesses and documentation outside the jurisdiction and the ongoing criminal investigation as well as the likely cost of the commission of investigation. Subsequent to those meetings, the public accounts committee held extensive hearings during the autumn in relation to the Comptroller and Auditor General's report and has heard from many key witnesses as well as from NAMA itself on a number of occasions.

I understand that the PAC hopes to bring forward its report on the matter shortly. My view is that it would be sensible to wait for the PAC to produce its report and have it published and consider its findings before moving to the appointment of a commission of investigation.

I do not know the name of the official that the Deputy referred to.

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