Seanad debates

Thursday, 29 May 2003

Companies (Auditing and Accountancy) Bill 2003: Report and Final Stages.

 

10:30 am

Photo of Terry LeydenTerry Leyden (Fianna Fail)

I will make it again because this is a kind of cover-up. We cannot talk about the AIB, even though $670 million was stolen from it, for which we are paying. Can I not say that in this House? There should have been a public inquiry into the activities of the AIB which, incidentally, was rescued by this House at the time it amalgamated with the Insurance Corporation of Ireland. It was saved from annihilation, not for the first time. As far as I remember, it was a Fine Gael Government led by Garret FitzGerald which recalled the Dáil to enact the necessary legislation. Are we forgetting that the board of directors of this great company did not resign then? They bought the Insurance Corporation of Ireland, a white elephant—

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