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Seanad
‹ Order of Business

NAMA sales and charity transparency

Summary

Senator Paul Coghlan welcomes progress on NAMA’s loan-portfolio sale and calls for full transparency in salaries and expenses at State-funded charities.

On a different matter, it is good to note that NAMA-----

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As I will be talking to its representatives tomorrow, the Senator should be careful.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Paul Coghlan to continue, without interruption.

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We will talk about it tomorrow. It is good to note that NAMA is making such good progress in regard to the separate matter of the sale of its loan portfolio of approximately €2 billion. It is very much in the interest of the taxpayers that progress is made on these matters.

In travelling here this morning I was as horrified as anyone to hear all the chat on radio about that other charity, Rehab. If any charity is in receipt of State funding, everything to do with salaries and other expenses should be totally transparent. I hope we are all agreed on that point. We have had enough difficulty with the CRC and perhaps some others. This is doing untold damage to all charities. The sooner all charities are required to be totally transparent - by law if necessary - the better.

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