Dáil debates

Wednesday, 24 January 2018

Companies (Statutory Audits) Bill 2017: Second Stage (Resumed)

 

5:10 pm

Photo of Danny Healy-RaeDanny Healy-Rae (Kerry, Independent) | Oireachtas source

The vulture fund has told them they must get out. That is very wrong. I know of other cases where the people who got into trouble are prepared to pay back what they owe, with interest, and the vulture fund will not take it. As Deputy Mattie McGrath said, the vulture fund must have favourites or an idea that it can squeeze more money out of somebody else, but that is so wrong. We talk about fair play and law and order but there is no law and order when we see things like that happening.

Something needs to be done about the way principal contractors are appointed, the reason they have unfair advantage and the way they are leaving many sole traders behind and not paying them. I am talking about the owners of small shops, small hardware stores, service suppliers, petrol stations where vans get diesel and so on. These are people who went out and worked for them in the dark and in the rain only to find that they are owed €20,000, €30,000 and €40,000. The amount is not long mounting up when fittings, parts or whatever are taken into account. They are left behind, and it is a crime. It is actually stealing from good living, hard working people.

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