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Leaders' Questions (22 Apr 2015)

Micheál Martin: That is not true.

Leaders' Questions (22 Apr 2015)

Micheál Martin: That is too limited. Was it okay to pay the €5 million? There were a number of large transactions.

Leaders' Questions (22 Apr 2015)

Micheál Martin: What the Taoiseach is doing is despicable.

Leaders' Questions (22 Apr 2015)

Micheál Martin: I asked a very basic question, which was whether the Taoiseach would set up an inquiry into this deal. The Government is hiding behind very opaque language. What the Taoiseach read out was read out last night by the Minister of State, Deputy Harris. What the Taoiseach is saying to me is that Alan Dukes persuaded the Minister for Finance, Deputy Michael Noonan, that it was okay for...

Leaders' Questions (22 Apr 2015)

Micheál Martin: The taxpayer was already losing more than €100 million on the deal, but it was okay to pay the shareholders €5 million. The advisers to the shareholders were Davy, and it has transpired that some of the shareholders are clients of Davy.

Leaders' Questions (22 Apr 2015)

Micheál Martin: We could not make this up. It is wrong. Will the Taoiseach call it as wrong? Does he think it was right that the €5 million payment should have been made? Will the Taoiseach give me a straight answer to this question? Why did the Minister not do what his officials wanted done and establish an independent review of the transaction? That is all the civil servants wanted. The...

Leaders' Questions (22 Apr 2015)

Micheál Martin: -----about this deal but also about more. The Taoiseach could read the freedom of information material in 15 to 20 minutes. It states that the officials at the Department of Finance were "concerned at the number of large transactions that have been poorly executed under the direction of the current CEO. The performance of management in executing these transactions raises the question of...

Leaders' Questions (22 Apr 2015)

Micheál Martin: This was all prepared for the Minister to say to them. The documents also state: "Events over the past number of months have led me to question the effectiveness of the management team in IBRC." They further state: "I expect the Board to ensure that the bank in its approach and operations is operating to the exemplary standards and in the public interest. I am concerned that the reputation...

Leaders' Questions (22 Apr 2015)

Micheál Martin: I have in my hand the documents and one can see the redactions. We do not know the half of what was going on that gave rise to so much concern among officials in the Department of Finance. All of this is from the Department of Finance and has been revealed through freedom of information requests. To be fair to Independent Deputy Catherine Murphy, it took her the guts of a year to get to...

Leaders' Questions (22 Apr 2015)

Micheál Martin: She said it was like pulling hen's teeth.

Leaders' Questions (22 Apr 2015)

Micheál Martin: I put it to the Taoiseach sincerely that this cries out for a proper inquiry because protection of the taxpayers' interest is at the core of the issue, and it clearly was not protected in this deal. Will the Taoiseach establish a proper inquiry? Does he think it was okay for €5 million to be given to the shareholders?

Leaders' Questions (22 Apr 2015)

Micheál Martin: No, I am questioning a deal.

Leaders' Questions (22 Apr 2015)

Micheál Martin: I am asking for an inquiry.

Leaders' Questions (22 Apr 2015)

Micheál Martin: No, I am not.

Leaders' Questions (22 Apr 2015)

Micheál Martin: I asked the Taoiseach a question and I would like an answer to it.

Leaders' Questions (22 Apr 2015)

Micheál Martin: The Taoiseach will not answer the question.

Leaders' Questions (22 Apr 2015)

Micheál Martin: Has the Taoiseach listened to me for the past ten minutes?

Leaders' Questions (22 Apr 2015)

Micheál Martin: Could he not see for himself that €5 million for shareholders was not in the best interests of taxpayers?

Leaders' Questions (22 Apr 2015)

Micheál Martin: No, it is more than this.

Leaders' Questions (22 Apr 2015)

Micheál Martin: I did not raise it.

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