Results 32,721-32,740 of 36,066 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I seek clarification. Mr. Daly mentioned earlier that this is only the second investigation in NAMA. I want him to clarify that there have been no other investigations regarding staff in NAMA since its establishment.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: My question was not on current investigations because I did listen to what Mr. Daly said. My question relates to the operation of NAMA. Since it was founded, have there been other investigations and suspensions within NAMA? I know there are two current investigations. What about in the past?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: That is fair. The people are entitled to due process. There is a predication of due process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I appreciate that. With regard to the sale of loans to ICG-Longbow, NAMA's former head of lending is now employed with the company. Can the delegation inform us whether ICG-Longbow approached NAMA or was it the other way around? Were the loans offered competitively?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I do not want to cast aspersions on NAMA staff or former staff members. There is a Garda investigation into an existing member of NAMA who gave out sensitive information. There is a practice of former members of NAMA at a very senior level moving on. I am talking about the head of lending who now works for a company that bought loans off NAMA in the past. Now we know that the company...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I am worried about the practice of people moving from NAMA to companies that have bought from NAMA. How do we ensure that information is not passed on before people take up employment in companies? I encourage NAMA to examine the matter in more detail. I shall deal with some smaller issues. NAMA has demolished one housing estate so far, the Gleann Riada housing estate. It was...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: Can Mr. McDonagh identify it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I wish to make two final points. At the last committee meeting we discussed developers and their wages. I know that the delegation dealt with the issue, in some form, earlier today. At the last meeting, Mr. Daly said that one or two developers received in excess of €200 in wages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: Yes. I wish it were €200. They received an annual wage of €200,000. Can Mr. Daly inform the committee whether NAMA has successfully reduced the wages for those individuals? I know that he made a general statement but I would appreciate if he could inform the committee about those individuals.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I do not accept that. We are pressed for time and I shall move on to another substantial issue. NAMA informed the Minister and he informed me through his reply to my parliamentary question that NAMA has sold off €1.9 billion in loans so far to date. I pursued the same line of questioning on debt write-down or debt forgiveness for developers with the delegation at our last meeting....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: I welcome our guests. There are a number of topics I wish to go through and I will try to be as brief as possible in questioning. I understand the restrictions with regard to Mr. Farrell and those activities. Who brought it to the attention of Mr. Daly that Mr. Farrell had bought a NAMA property?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: It is clear from today's presentation that if it were not for the media inquiring about the issue, it would possibly not have been addressed by NAMA. That issue led NAMA to discovering that sensitive commercial information had been taken and was released to the person's wife and potential investors in NAMA. If there had not been a media focus on NAMA, this would never have come to light....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: It is quite interesting to hear that the ten parties who could possibly buy from NAMA in future would not be blacklisted, given that not one of them approached NAMA and indicated that an employee had given up sensitive information. If an e-mail lands on a desk with the prices at which NAMA purchased the properties from the banks, surely an upstanding person with the interest of NAMA and the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)
Pearse Doherty: In a parliamentary question reply and again today, NAMA has indicated that the information which was disseminated would not do commercial damage to NAMA. Mr. Daly has spoken about that at length. The last time Mr. Daly was before the committee he addressed the issue of greater transparency and how the public generally wants to know the value at which these loans were bought and are sold....
- Prospects for Irish Economy: Statements (24 Oct 2012)
Pearse Doherty: Cuirim fáilte roimh an deis na ráitis seo a phlé, agus muid ag tabhairt aghaidh ar an gcáinfhaisnéis i Mí na Nollag. I would like to be in a position to congratulate the Government on its stewardship of the economy in the past 20 months.
- Prospects for Irish Economy: Statements (24 Oct 2012)
Pearse Doherty: I would, because it is in all our interests. While I did not vote for the Government, people across the country have wanted the Minister and his colleagues to succeed in their endeavours since taking office. That is the position, regardless of whether one voted for the Government. It is true that it inherited a social and economic mess of unprecedented proportions. It has been well...
- Order of Business (24 Oct 2012)
Pearse Doherty: I refer to the legislation passed to centralise the system of student supports which was supposed to get rid of delays. We are almost into November and 20% of student applications-----
- Order of Business (24 Oct 2012)
Pearse Doherty: This relates to the legislation-----
- Order of Business (24 Oct 2012)
Pearse Doherty: I was unaware of that. I will refer to another item of legislation. The Taoiseach has often threatened to introduce legislation to allow the regulator to ensure additional charges or increased interest could not be imposed on persons struggling with their mortgages, yet since he made that claim, on two occasions AIB has increased its variable interest rate which exerts hard pressure. Does...
- Written Answers — Department of Justice and Equality: Garda Transport (24 Oct 2012)
Pearse Doherty: To ask the Minister for Justice and Equality his views on the Garda Representative Association's assessment that a fifth of the Garda vehicle fleet will need to be replaced by the end of 2012, amounting to 500 vehicles; and the way he intends to meet this requirement. [46413/12]