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Senator Rose Conway-Walsh welcomes establishment of NAMA commission of investigation – but State must raise standard in tackling white collar crime

24 May, 2017 - by Rose Conway-Walsh


Senator Rose Conway-Walsh welcomes establishment of NAMA commission of investigation – but State must raise standard in tackling white collar crime

Sinn Féin Senator Rose Conway-Walsh has welcomed the establishment of a Commission of Investigation into NAMA. Speaking in the Seanad on the motion to establish the commission, Conway-Walsh criticised the delay since the first motion was presented 11 months ago:

“I also welcome Fianna Fáil's U-turn, who less than a year ago opposed its establishment because in their opinion, it may have impeded any criminal investigation. The need for a Commission of Investigation was as obvious 11 months ago as it is today.”

Speaking the day after the collapse of the Anglo-Irish Bank trial the senator from Mayo pointed out that the public perception of a State incapable of prosecuting white collar crime needed to be rectified and that this commission is a starting point:

“Leo Varadkar claims there is a serious divide in Irish society between those who want to work and those who want everything for free. Yesterday it was laid bare that the State is incapable of conducting appropriate investigations into white collar crime. This should be the focus of those people who claim to be seeking to recoup monies for the State.”

“Despite repeated statements that the Minister of Finance did not instruct NAMA to effect a faster sale of assets, there has been no explanation of why such huge losses were incurred. Anybody with any civic responsibility would agree that this cannot remain unanswered. The Commission of Investigation is long overdue and we welcome the immediate start of its work.”

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