Seanad debates

Monday, 16 December 2013

2:05 pm

Photo of Darragh O'BrienDarragh O'Brien (Fianna Fail) | Oireachtas source

Information is being leaked from NAMA and is being given to vulture funds and other investors in order to confer financial advantage on them. This will ensure that these entities will profit off the backs of taxpayers and that viable businesses will be shut down as a result. I need to know today whether the Garda Commissioner has been requested to carry out a detailed investigation into corruption and impropriety in NAMA. It is crucial that the Taoiseach, the Minister for Finance or the Minister for Justice and Equality come before the House today to make a statement on this matter, which is so serious that it could undermine NAMA and the property and financial services sectors. I wish, therefore, to formally propose an amendment to the Order of Business to the effect that the Taoiseach, the Minister for Finance or the Minister for Justice and Equality come before the House and confirm whether the Garda Commissioner has been requested to carry out an investigation into corruption and impropriety in the National Asset Management Agency, which manages €74 billion worth of loans on behalf of the taxpayer.

So many different items of information have been referred to in the House in the past two years that it seems that the staff within NAMA who are doing their level best and working on behalf of the State are being tarred with the same brush as certain individuals who are still with the agency or who recently left its employ and who are giving or have given information to third parties in order that they might make serious profits. This needs to stop and, as a result, the matter must be dealt with today in the Seanad.

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