Seanad debates

Tuesday, 9 December 2014

3:40 pm

Photo of Trevor Ó ClochartaighTrevor Ó Clochartaigh (Sinn Fein) | Oireachtas source

They gave a very chilling recollection of the implications of the privatisation of water in Detroit and what is happening there at the moment.
At this time of year, many people's thoughts are turning to Christmas, and some people are hoping for a merry Christmas while others are not. One group who will probably have a very merry Christmas are those people who own companies that run direct provision centres in this country. Anybody who read the article today in The Irish Timesshould be astounded by the figures that have been quoted about the companies and the absolutely indecent profits they are making on the back of the suffering of the people in those systems. One company has made €10.8 million in accumulated profits and another made €2.5 million.

The published accounts record accumulated profits of approximately €25 million, but this is likely to be significantly under estimated given that some of the biggest firms have taken elaborate steps to shield their accounts from public scrutiny according to Carl O'Brien and Colm Keena, whom I commend on the work they are doing. These are colossal sums of money. It is a disgrace they are making such huge profits on the backs of people in direct provision centres.

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