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Dublin Bay South TD Suspended for Incorrect Statements on Share Sale

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Dublin Bay South TD Suspended for Incorrect Statements on Share Sale
POLITICSSUSPENSIONIRELAND

Dublin Bay South TD, Mr. Hayes, was suspended by his party last December after it was revealed he sold shares in US software company Palantir after entering politics, contradicting previous statements. A review by the party confirmed incomplete information provided by Mr. Hayes regarding his shareholdings. While his party membership remains unaffected, the TD's indefinite suspension continues, with the possibility of re-admission at a later date.

Dublin Bay South TD gave incorrect statements on sale of shares in software company PalantirLast December, Mr Hayes was suspended from the party with “immediate effect” following the revelation that he sold his shares in a US software company that suppliesThis contradicted information previously given by Mr Hayes to the effect that he had sold the shares in Palantir before he entered politics.

Gerry Thornley: There is a theory France losing to England is good for Ireland, but is it? Regretting working outside the home: ‘We’re told to parent like we don’t work. And work like we don’t parent’Mr O’Callaghan said the review had been completed and considered by the party’s national executive, which decided to endorse the decision of the parliamentary party to indefinitely suspend Mr Hayes. His party membership has not been affected. Mr O’Callaghan faced lengthy questioning on the suspension and whether there was a way back for Mr Hayes, who was elected to the Dáil in the Dublin Bay South constituency at the general election. When pressed, Mr O’Callaghan said Mr Hayes could be readmitted at a later date – for which he offered no timeline. He said that other parties had suspended the whip from members without a time limit, but did not have an example when one was sought. The party later pointed to indefinite suspensions handed down to Fianna Fáil and Fine Gael senators following the 2020 Golfgate controversy. Mr O’Callaghan said Mr Hayes could apply to rejoin, or the party could independently decide to readmit him. The suspended TD was informed of the decision by the party’s general secretary, he said, but that he was not aware of how Mr Hayes had reacted. The review found Mr Hayes provided incomplete information to the party surrounding his shareholding, and did not disclose the value of the shareholding before running in the general election. The review will not be published but Mr O’Callaghan said it found that candidate selection processes had to be strengthened with more robust questions asked during that process. He said it was not the case the Social Democrats were waiting for Mr Hayes’s resignation.“This is a serious matter. It is imperative that the media, who hold politicians to account on behalf of the public, can rely on the information they receive from elected representatives,” a party statement read. When Mr Hayes was elected to the council for Kimmage-Rathmines, he signed a declaration of assets in which he stated: “I completely divested from all holdings within the last 12 months”.Mr Hayes has said he filled in the form incorrectly and that it was in fact submitted in July, which is the date not on the form itself but has been recorded by Dublin City Council as the date it was received.Tax breaks for developers back on table as pressure grows over housing goalsTrump’s adoption of imperial manner is a function of failure Regretting working outside the home: ‘We’re told to parent like we don’t work. And work like we don’t parent’Bewley’s on Grafton Street among premises served with food safety orders ‘Vile, dismissive, disappointing’: Samantha Mumba and Donal Skehan in war of words over Eurovision judging Our politics team's behind-the-scenes take on events of the day. Every Tuesday, Wednesday & Thursday when the Dáil sits

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POLITICS SUSPENSION IRELAND SHAREHOLDING TRANSPARENCY

 

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