Friday 11 April 2014

Economic Treason - Time for a new law

In 2010 the Green party suggested that a bill be introduced for economic treason. Consquently the legislation would have been zigged before it was zagged, an unruly mess as half of those they were in govt with could be done under it I reckon. . With Anglo being prosecuted under company law and illegal loans to directors, a more robust set of laws are needed to prevent an occurence of this again and a new law relating to economic treason be brought in. In scope it can be defined as a person whom knowingly benefits from a financial transaction which would see the economic infrastructure of a country be undermined be dealt punishable by up to twenty years in prison. Im unaware of any similar law in any other country. The current laws on treason are making war on the Irish state or aiding people who are waging war . Company law only targets specific degrees of irregularities on a smaller level, this new legislation would allow for it to be taken on a wider scope i.e. nationally.

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