Wednesday 13 December 2017

John Crown: Corporate donations to parties simply not justifiable

Proposed changes to regulations governing political funding do not go far enough, writes John Crown

THERE was justifiable concern when it was suggested that former property developers, people whose debts had become the financial responsibility of our citizenry via Nama, appeared to be protecting their assets, which might otherwise have been used to fund hospitals and schools, by transferring them into the names of their spouses.

This week it emerged that many of these same developers had been squirrelling other assets away with other "honeys", i.e., their mistresses in the major political parties.

The Irish Independent investigative team reported that hundreds of thousands of euro had been donated by businesses, including developers who now were in Nama. Most went to Fianna Fail, lesser amounts to Fine Gael and Labour.

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