Seanad debates

Tuesday, 12 November 2002

Second Interim Report of the Tribunal of Inquiry into Certain Planning Matters and Payments: Statements.

 

The Government also intends quickly to enact legislation to recover assets obtained by or enhanced through corruption. A corruption assets bureau will be established which will recover assets corruptly obtained and any increase in the value of an asset obtained through corruption. Under the new legislation, when a tribunal reports that, in its opinion, persons received or gave corrupt payments or received benefits as a result of corrupt practices in which they participated, a chief superintendent, acting as an officer of the corruption assets bureau, can go to the High Court and obtain freezing orders in respect of assets corruptly obtained or whose value has been corruptly enhanced. This is an important point which will apply whether the tribunal reported before or after the passing of the legislation.

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