Dáil debates

Wednesday, 1 February 2017

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements

 

10:25 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Which position does Fianna Fáil support today? Does it want a commission of investigation or is it reverting to its position of March-June 2016? Deputy McGrath's colleague endorsed both positions but I do not know how their party can have it both ways. Either Fianna Fáil wants a commission established - and rightly so, given the statement at the time that there would be an interim report within three months and that the investigation would be concluded before the end of 2017 - or it wants it Deputy Fleming's way, in which it will only be after both Houses have done their scrutiny that we will be allowed to start to deal with this issue.

We have been consistent in calling for a commission of investigation. The work that Deputies Wallace and Clare Daly have done on this issue needs to be commended. We should reflect on some of the allegations that are at the heart of this issue.

Those are some of the allegations that others decide to turn a blind eye to and use different vehicles to try to avoid having a commission of investigation.

Let me put on the record what our party leader, Deputy Gerry Adams, said to the Taoiseach a number of months ago:

Some of the allegations are shocking. Between May 2010 and November 2013, a member of NAMA's advisory board [Frank Cushnahan] is alleged to have been charging a fee for advice about NAMA. It is further alleged that the same individual had an unethical working relationship with a senior NAMA officer who gave him access to additional and sensitive commercial information. It is also alleged that he was lobbying on behalf of clients to reduce loan repayment demands and in return he would secure cash payments, so-called fixer fees which were shared with the senior NAMA officer. When NAMA decided to sell its Northern loan book to the US vulture fund Cerberus, this individual was offering to disclose information relating to the value of the loans-----

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