Seanad debates

Wednesday, 18 December 2013

10:40 am

Photo of Colm BurkeColm Burke (Fine Gael) | Oireachtas source

If there are genuine issues and concerns in respect of NAMA, and it appears there are, the appropriate authority to investigate them is the Garda. Any information people receive should be conveyed to the Garda. It is important to bear in mind also that valuations carried out even six months ago are now out of date because the market has changed.

I received a telephone call in the last week regarding a property that was sold at a public auction. A large number of properties were being sold, but the property concerned was not on the catalogue and was not advertised, yet it was purchased at the public auction. That raised concerns. Certainly, the person who contacted me raised concerns as how a property could be sold at a public auction without it being on the auction catalogue. Perhaps there is a logical explanation, but it raises questions. If anything untoward is happening in respect of what are now State assets, there must be transparency and full disclosure. It is important that valuable information is not leaked to a small number of people who can gain financially from that. Anybody who has relevant information should not hesitate to contact the Garda and the Garda Commissioner and convey that information, so a thorough investigation can be conducted into the matter.

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