Mr. Joe O'Flynn:

I am going to come to that matter. We were then told that we could have sight of the report - on a legal understanding - if we paid for it. We did pay for the report. To clarify, my understanding was that the report was commissioned by the legal representative of the fund administrator subsequent to the HSE referring the matter to the fraud squad. This report was, therefore, being compiled to assist him in defending the allegation or the reference to the fraud squad. I also understand that the administrator intended that the report would have been paid for out of the fund. It could not have been paid for out of the fund because we froze the account in June 2010, with their agreement. Subsequently, we secured control of the account. It was intended that this report would have been paid for out of the fund and we clearly felt there was value in getting sight of it for our trustees and the financial advisers who were conducting the inquiry. Ultimately, we paid for it.