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Friday December 11, 2009 09:03
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Comments (4 of 4)
Jump To Comment: 1 2 3 4Was it not Coilte forestry and lands {approx 400 acres } inBellanboy Co, Mayo that
the Irish Govt; and minister Ray Burke donated or sold to Shell/Statoil/Marathon.
There was no public involvement in that deal.
Coillte should not get the protection of the State for extra funds. IFUT, the pension fund which Coillte is contributing to, should also be investigated, as vast sums of money is stashed away by Coillte, while at the same time, Coillte cannot pay any dividend back to the Government.
If Coillte are looking for State backing for security for loans, Coillte should declare themselves a State organisation and conduct themselves as such, as instructed by the European Courts.
Politicans have continually refused to bring Coillte to task on their legal status.
Now is the time, especially when the country is in financial crisis, to see that money, or security for loans etc, is not squandered on a private Company.
What other private Company is being offered State security for loans ?
It's our land. Let's take it back
Coillte should be brought in under the Freedom of Information Act, now. It would be very interesting to see how they have conducted themselves over the past years !!