Seanad debates
Thursday, 17 April 2008
Order of Business
11:00 am
David Norris (Independent)
Through the Chair to the Leader, this should be left on the record of the House. In possession of information that their shares were on a decline, some of these gentlemen went around the world on what they called roadshows flogging the thing. They were selling something they knew to be practically valueless to unfortunate people. That is theft and the amounts involved were €80 million, twice the amount involved in the Northern Bank robbery, about which we got so steamed up. It is extraordinary to think that in this country we send people to jail for not paying their television licences and somebody can get away with €80 million of loot and get only a little slap on the wrist. That is an incitement of crime and Senator Ross is perfectly right to raise the question of a debate on the financial regulatory system. Well done to him.
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