Micheál Martin (Cork South-Central, Fianna Fail)

I welcome that the fraud squad seems to be, or is, involved, as the Deputy said. That is good news. It is reprehensible for anybody to defraud another person of funds, particularly their savings, through fraudulent investments. Nobody is untouchable. They can be touched and investigated and there is a process for doing it. We in this country are always going back to investigate the investigator. We do not need an investigation into the Central Bank, I suggest, but an investigation into the individuals whose fraudulent behaviour the Deputy has highlighted in the Dáil. That is what we need. That is why we establish regulators and resource them. We put a lot of funding into regulators. Fundamentally, into the future, the country must use existing regulatory authorities to do the majority of investigations. We love setting up commissions of investigation - inquiries that cost millions of euro, spend years at it and not getting the closure that people want in all cases. There is real law and sanctions here. We should pursue those avenues.

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