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Pearse Doherty TD to move Dáil motion on tracker mortgages and tackling white collar crime

23 January, 2017 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD will move, on Tuesday, a motion on the tracker mortgage scandal. The motion calls for a strict deadline for redress and compensation to the victims as well as calling for cooperation between An Garda Síochana, the Central Bank and the Office of the Director for Corporate Enforcement to hold those responsible for the scandal to account. It would also call on the government to bring forward legislation to ensure that individuals in financial institutions can be held accountable for white collar crime.

Deputy Doherty said:

“Sinn Féin are using our Dáil time this week to call for a comprehensive redress scheme that truly works for the customers affected within a strict deadline. We know that up to 15,000 families have been victims of this abuse by banks across the board yet these banks are still stringing the families along with pro-forma letters each month with no new information.

“For me this whole scandal brings back into the light how weak our laws are when it comes to tackling white collar crime. The gaps in our white collar crime legislation make it difficult to pin down individuals for their responsibility in scandals like this. This motion calls for a new approach to white collar crime so that those who caused these scandals can be held accountable not just as a corporation but as individuals

“The motion also calls on the on the Central Bank of Ireland, An Garda Síochána and the Office of the Director of Corporate Enforcement to cooperate, with a view to establishing if individuals as well as corporate entities can be held accountable for their part in this scandal.

“The Central Bank have been tardy in acting in calling a full examination and now seem lacklustre in punishing the banks to clean up the mess they made. I hope all parties can support my motion so that a unanimous political message to the banks can be sent telling them to prioritise this scandal and to the victims that the Dáil is on their side.”

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