Bríd Smith (Dublin South Central, People Before Profit Alliance) | Oireachtas source

I note that the Taoiseach said in the past that the report was worthwhile. I agree insofar as it has shone a light on how things really work, how the business elite can take themselves off to a Swiss resort for a bootcamp and then not discuss what they really went away to discuss. Seven years later and having spent millions of euro of public money, we end up with a report that states that this was not a solid or sound transaction.

There are 37 additional transactions by IBRC with a net loss more than €10 million each to the State. The question is: what will happen now? I do not believe that anyone would want to see another seven years per investigation with more millions of euro per investigation. The Taoiseach said he has referred this to the Revenue Commissioners, the Central Bank, etc. Is it not high time that the State found a process by which to investigate alleged inappropriate carry-on with corporate dealings or the potential of white-collar crime? Is the Garda not interested this? Is corporate enforcement not the first place we should be going to? Can the DPP look at it? Rather than spending years and millions of euro on investigations of something which obviously stinks, can we not go and use the system of justice that actually exists to investigate particularly the 37 additional transactions which should be investigated?

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