Mr. Frank Daly:

-----and was the subject of the NCA inquiry. I was being very careful not to get involved in that debate. Regarding when we referred to the funds being paid to the managing partner of Tughans, there was no suggestion at the time that there was anything wrong within Tughans or any suggestion of diversions or the like. I was being careful because the subsequent information related to the allegations - I will be careful here - that Mr. Coulter diverted this funding from Tughans or wherever to the Isle of Man.