David Cullinane (Waterford, Sinn Fein) | Oireachtas source

The findings of the IBRC Commission of Investigation report lift a veil on the reckless and elitist culture that infected certain echelons of Irish business and high finance during the Celtic tiger years. As we know, the commission is still preparing a report with its recommendations on the investigation of the other 37 transactions it has considered as part of its work.

Does the Taoiseach expect that the commission's report on these transactions will be submitted by the end of this month? How soon after that can we expect the Government to decide on the future of the commission itself, as it has also indicated there were insurmountable difficulties in progressing the investigation into these transactions. How does the Government intend to proceed? The total cost of the investigation has yet to be finalised, but we know it will be millions of euro. What consideration has the Taoiseach given to a more timely and less expensive mechanism by which such matters can be addressed? Given that the report as published has now been passed to the Revenue Commissioners, the special liquidators of the IBRC, the Corporate Enforcement Authority, the Central Bank and the official assignee in the bankruptcy case for further investigations, obvious questions are being asked as to who, if anybody, is going to be held accountable for what has transpired.

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