Dáil Éireann Debate, Thursday - 23 June 2016
21. Deputy Caoimhghín Ó Caoláin asked the Minister for Finance if he believes the events around the sale of Project Eagle requires a commission of investigation; and if he will make a statement on the matter. [17514/16]
View answerThere have been a number of calls for a Commission of Investigation into Project Eagle. The allegations of wrongdoing that are being criminally investigated are extremely concerning. We continue to monitor the situation as these criminal investigations progress.
If appropriate lines of inquiry do come to light which could usefully be pursued by a Commission of Investigation they will be brought forward for consideration. However, all known allegations of wrongdoing are currently being investigated by the appropriate authorities. We support these investigations and stand ready to assist in any way that is helpful.
The most notable is being carried out by the UK National Crime Agency a criminal investigation by the appropriate authorities in the appropriate jurisdiction. Importantly, NAMA advises me that the NCA has confirmed that no aspect of the Agency's activities are under investigation.
NAMA also has appeared twice before the Public Accounts Committee to discuss Project Eagle. Based on recent comments of the PAC Chairman, I understand NAMA may soon appear for a third time to discuss these issues. In that context the C&AG is conducting a value for money review of Project Eagle which will be published and discussed in due course.
There has been much confusion and conflation of issues. However, it remains the case that allegations of wrongdoing have not been directed at NAMA.
Taking into account the investigations underway, it is not clear what additional specific line of inquiry could be usefully pursued by a Commission of Investigation at this juncture. I do not believe that it is appropriate to launch a Commission of Investigation based purely on speculation nor to interfere with current legitimate investigations. This position will of course be kept under review.
If the Deputy has specific allegations of wrongdoing, please make them known to the relevant authorities in the appropriate jurisdiction, whether that be the NCA or the Garda.
If the Deputy has specific allegations grounded in evidence that are not criminal in nature and are appropriate for a Commission of Investigation, I would suggest the Deputy makes them known for consideration by this House at the earliest opportunity.
