Thursday 22 February 2018

Taoiseach urges Independent TD Mick Wallace to appear at PAC after further NAMA allegations

Independent TD Mick Wallace
Independent TD Mick Wallace
Niall O'Connor

Niall O'Connor

INDEPENDENT TD Mick Wallace has been urged to appear in front of the Public Accounts Committee (PAC) after making further allegations surrounding the National Assets Management Agency (NAMA).

Mr Wallace claimed in the Dáil that a “NAMA insider” based in Dublin collaborated with US capital firm Cerebus to ensure it secured a major property deal.

During heated exchanges during ‘Leaders’ Questions’, Mr Wallace accused Taoiseach Enda Kenny of being involved in a “cover-up” by failing to call for an independent commission of inquiry into the allegations surrounding the sale of NAMA’s Northern portfolio.

“You are the leader of this country… and you are ignoring serious issues I am raising,” Mr Wallace said.

He said that the sale of the NAMA loan book, known as Project Eagle, was stitched up so it would be sold to the Cerebus, which is under investigation in two jurisdictions.

Mr Kenny said Mr Wallace as a Dáil deputy is expected to use Dáil privilege responsibly.

The Taoiseach said the allegations being made by the Wexford TD are “pretty serious” and that he should accept an invitation to appear in front of the PAC in order to give evidence.

He said there are ongoing investigations in the North that must not be interfered with.

Meanwhile, the issues of the plight of the Longboat Quay residents and Irish Water were also raised during a heated session of ‘Leaders’ Questions’.

Sinn Féin President Gerry Adams said there are a number of complexes that have safety concerns, including a complex on Prospect Hill in Finglas and Riverwalk Court in Rathoath.

In response, Mr Kenny said he will ask Environment Minister Alan Kelly to ensure councils investigate all claims of fire and safety defects.

In relation to defects in  Longboat Quay, Priory Hall and other complexes, the Taoiseach said the they have brought “absolutely wreckage to the careers and ambitions and lives to so many people in this country”.

He said he does not know how many other cases exist because developers have “absconded and are now not in business”.

Meanwhile, Fianna Fáil leader Michéal Martin claimed Irish Water was establishment on “fraudulent grounds”.

He said a “colossal” loss of public money has taken place and that thousands of meters have been installed that will never be used.

In response, Mr Kenny accused Mr Martin of being a “fraud” on the issue of Irish Water, The Taoiseach said Fianna Fáil previously proposed water charges in the region of €400 per annum but shifted its stance so as to avoid being undercut by Sinn Féin.

Online Editors

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