173. Deputy Mattie McGrath asked the Tánaiste and Minister for Finance given that the National Asset Management Agency, NAMA, is due to conclude its affairs and wind down operations by the end of 2025, to outline the arrangements in place to ensure that any unresolved investigations or litigation, particularly those involving significant public funds, are fully pursued; the person or body that will be responsible for ongoing investigations into alleged fraud or irregularities in current cases where matters are still arising, in particular two cases (details supplied); the person or body which will take responsibility for these investigations; if he will commit to a full and thorough investigation into both matters; and if he will make a statement on the matter. [71751/25]

Sentiment score: 0.22

My question is about the wind-up of NAMA, which will happen in the next ten days. Who will assume responsibility for ongoing issues, irregularities and other issues, such as court proceedings when NAMA has been wound up? It will happen by 31 December. That is only ten days away. Will the Tánaiste make a statement on the matter?

Sentiment score: 0.01

I am worried that when there is alleged fraud taking place with the handling of money who will be responsible for the ongoing investigations into that fraud and irregularities and current cases; including two matters I have raised previously in this House, namely, the ongoing NAMA investigation into circumstances relating to Nemo Rangers lands in Cork, and the unlawful use by NAMA of the personal tax number of Mr. John Fraher, a businessman in Clonmel? He had gone out of business, was living in England and his tax number was used for a number of years, with the knowledge of NAMA and by people involved in NAMA. It was an abject crime. What becomes of the cases when NAMA ceases operations? Who will take responsibility for these investigations? Who will be held to account for any irregularities or wrongdoing? Will the Minister make a statement on that? He said he is not responsible but somebody has to be accountable for what went on here. It was an awful vista. We had Project Eagle in Belfast and Project Jackdaw in Clonmel, on the Clonmel Arms site. We have the cases of Mr. John Fraher and Nolan Transport and other ongoing cases in Wexford and issues there as well.

Sentiment score: -0.14

There are serious concerns about fraud in recent High Court proceedings about unusual ownership structures such as a case involving two identically named companies, Dildar Limited, one of which is registered offshore, which may indicate attempts to circumvent liabilities to NAMA, and the Tánaiste is saying that he does not have responsibility.

Sentiment score: -0.78

Somebody has to have responsibility when NAMA is wound up. We cannot just fold it up and put it on a shelf and say, "Great job done". NAMA did some good work but there was obvious wrongdoing and fraud in the cases I mentioned including the Nemo Rangers lands in Cork and worse in Clomnel town with the Clonmel Arms Hotel, which I have raised here, and now the Clonmel Park Hotel and Mr. John Fraher. The Tánaiste said NAMA is satisfied it acted appropriately. How could it have acted appropriately when he went out of business, ceased trading in Ireland, went bankrupt, was trading in England and his tax number was continually used to put funds through here by other directors of the company, with the knowledge of NAMA? I have named these cases in the Dáil.

Sentiment score: -0.05

The Tánaiste said that NAMA is satisfied. Well I am not satisfied and I will not stop at this. I have gone to the Garda. They do not seem to be interested either so it is a funny situation.

Sentiment score: 0.32

The spirit of Christmas.

Sentiment score: 0.18