Peter Mathews (Dublin South, Fine Gael)

I am very careful always to deal in fact. I hate opinions. My opinions are weak, but the facts are strong and speak for themselves.

The auditors then referred the problem because they could not sign off on the accounts. A director of the company, who had been a senior public servant, and who was perhaps on the board for decorative purposes and to add brand strength to the group, resigned when the problem emerged. The problem was said to be resolved when it was referred to the regulator, who suggested the €400 million could be repaid from Quinn Holdings in nine equal monthly instalments - like hire purchase or just a small petty cash amount. The fine imposed was a mere €3 million, the largest fine in Irish corporate history. This was just 0.75% - a laugh considering the enormity of what took place. When that resolution was put into place, all was quiet and the former public servant director of the group reappeared on the board. The article on this by Tom Lyons was in The Sunday Times and nobody has challenged it because it is fact.

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