Seanad debates

Friday, 7 May 2004

10:30 am

Photo of Brian HayesBrian Hayes (Fine Gael)

The proposed Order of Business is agreed.

Does the Government intend to introduce legislation to support whistleblowers, such as those who come forward with information about malpractice in corporate Ireland and other areas of Irish life? I refer in particular to yesterday's revelations about the manner in which AIB has systematically ripped off many of its customers in foreign exchange dealings. It is believed that customers have lost over €14 million as a result. It is important that the Government should introduce legislation to protect people who come forward with such information. If the bank is unable to identify the customers it diddled, I suggest it should hand over part, if not all, of the €14 million to the Dormant Accounts Fund Disbursements Board, which can put it to some other use. The bank should answer certain questions. Why were internal and external auditors unable to highlight the glitch in the system for a considerable number of years? Many questions about this case have yet to be answered. The Government should make a statement about whistleblowers. I am aware that a Private Members' Bill on the issue was introduced some years ago.

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