O’Malley and Collins reject offshore account claims

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Leader Reporters

Former minister Des O'Malley
TWO former Limerick ministers have rejected claims that they held offshore bank accounts.

TWO former Limerick ministers have rejected claims that they held offshore bank accounts.

Des O’Malley and Gerard Collins have both released statements this Wednesday lunchtime rejecting allegations read into the Dail record by Sinn Fein deputy leader Mary Lou McDonald earlier today that they were among politicians who held so called Ansbacher accounts.

Dputy McDonald named the former Limerick ministers - along with other former TDs - in a dossier of former politicians who allegedly held the off shore accounts, which she said had come from a “credible source”.

She said she was “echoing the allegations that are very serious, that have been brought forward by the whistleblower” in doing so.

In a statement released soon after the allegations were made in Dail Eireann, former minster Des O’Malley said the allegations of tax evasion had been “extensively investigated already” by the Revenue Commissioners, the Gardai and the Moriarty Tribunal “several years ago”.

In an extensive statement, Mr O’Malley denies any wrongdoing, explains that he placed his assets in a blind trust while he was a minister, “never availed” of a tax amnesty, “never had any dealings” with Des Traynor and “never had what is called an ‘Ansbacher account’”.

In a statement, Mr Collins said: “I have never had or held an Ansbacher Account or Guinness and Mahon Bank Account and I would welcome any investigation into this matter.”

- For more on this story, see the print editions of the Limerick Leader