Seanad debates

Tuesday, 28 May 2013

3:25 pm

Photo of Lorraine HigginsLorraine Higgins (Labour) | Oireachtas source

I will, a Chathaoirligh, and apologise for doing so. The individual in question will have had access to commercially sensitive information which could potentially benefit him to the detriment of the taxpayer in his new role in the business in which he is a partner. We must do something about this. It is outrageous that there is still an inside track culture in Ireland. We must call on the Minister for Finance to investigate this latest scandal in financial services. I also call on the NAMA board to immediately review all existing employment contracts with its employees, particularly senior officials, to ensure there is a bar on them taking up employment in private property or investment companies for a two year period. That is the least the taxpayer deserves after all these builders were bailed out by the banks and the bad loans have ended up in NAMA. It is a disgrace that this has happened and we must do something about it.

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