07/04/2009

Gardaí Focus On White Collar Crime

The President of the Association of Gardaí Sergeants and Inspectors (AGSI) has called for white collar criminals to face the "full rigor of the law".

The AGSI President Paschal Feeney said there was an apparent weakness in dealing with this kind of crime, saying the Government should work towards closing any loop holes that may be used for fraud.

Speaking at the association's annual conference in Athlone on Monday, Mr Feeney said he wanted the Government to take all possible steps to hold those responsible for the demolition of the country's financial reputation to account.

"If we find that our current legislation is not strong enough," Mr Feeney said, "then the Government should consult with the Garda Fraud Bureau and the Criminal Assets Bureau to ensure that any new laws are effective and that they act to cure this cancer in our financial affairs".

Mr Feeney also called for the asset-stripping powers of the Criminal Assets Bureau to be used to the full to recoup all of the monies that had been "squirrelled away" by members of the so-called Golden Circle.

He argued that the country was now almost bankrupt because of greed, which had led the banks to lend so much money that they stood "not a chance in hell" of getting it back.

(DW/BMcC)


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