Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Mr. Fingleton, you were in charge of Irish Nationwide Building Society for 38 years. During that period, the bank made a series of business decisions that led to it eventually going bust and to be bailed out by billions of euro of taxpayer's money. In the annual accounts of Irish Nationwide Building Society, it was reported that a pension fund of €27.6 million had been set up and subsequent newspaper reports revealed that that separate pension fund that was set up at that time was for your exclusive benefit. Can you explain to the committee why a pension fund of €27.6 million was set up in the year 2007?