He will take his seat in the Dáil as an independent deputy next week, but will not be receiving a €37,037 allowance for independent TDs
Eoin Hayes will not be eligible to receive a €37,000 allowance payable to all non-party TDs when he takes his seat as an independent in the Dáil next week.
READ MORE: Eoin Hayes to sit as independent and 'earn back' Social Democrats' trust over share scandal Having initially stated that he sold the shares before he was elected to Dublin City Council in June, he later clarified that he actually sold them in July for €199,000 before tax. Having missed out on nearly €300,000 by disposing of his shares five months earlier, and being suspended by the Social Democrats for saying he sold them one month later, he now stands to lose out on the €37,037 allowance as well.
In a statement yesterday evening, Mr Hayes apologised to the Social Democrats and those who voted for him in the general election on November 29.
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