Thursday 29 September 2016

Renua will crack down on white collar crime - Lucinda Creighton

Published 20/07/2015 | 17:22

Lucinda Creighton
Lucinda Creighton

Renua founder Lucinda Creighton has vowed that her party will make reckless lending by bankers a crime, if her party gets into government after the next election.

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“It happens in other jurisdictions and we are unique in how difficult it is to prosecute people who behave recklessly in the corporate sphere, whether it’s in banks or in other corporate environments,” she said.

Speaking at the MacGill summer school in Glenties, she described as “extraordinary” that nothing has changed in Ireland when it came to jailing white-collar criminals.

“Seven or eight years on the from the banking collapse in this country, nothing has changed.

"Most of the people who have been prosecuted have either gotten off or managed to frustrate the judicial system, so we need not just to put in a crime of reckless lending, but also equip the office of the director of corporate enforcement (ODCE) and the Regulator to do their job properly.”

She added that the party will be launching their policy on white collar crime on Friday, and will also roll out more policy initiatives over the next few weeks, including what she described as “a very radical tax policy” in September.

Lucinda Creighton and her daughter Gwendolyn (15 months). Photo: Tony Gavin.
Lucinda Creighton and her daughter Gwendolyn (15 months). Photo: Tony Gavin.

Ms Creighton also criticised the declaration by new party the Social Democrats that they would abolish water charges.

“I think it’s disingenuous fo any political movement to say they want to achieve Scandinavian standards of public services, but they don’t believe that people should pay for it,” she said.

Commenting on former Taoiseach Bertie Ahern’s assertion during a radio interview last weekend that he didn’t believe that the Mahon Tribunal’s judgment that he had been untruthful were correct, Ms. Creighton said, “We either believe in our justice system, or we don’t. It’s a bit rich for the former Taoiseach to simply say that he doesn’t believe them, or criticise the judge who presided over the tribunal.

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