Mr. Jonathan Sugarman:

Not only do I believe that, I know it for a fact. I had two meetings with the Central Bank of Ireland which were witnessed by a barrister. At the second meeting, the officials attending the meeting admitted to having had sight not only of the breach that I reported to them in the summer of 2007 but of further breaches that had occurred during that summer which had not been reported to anyone. All that happened that day was that I co-signed, together with my CEO, a statement to the effect that - excuse the language - "Sure, it's grand, it's okay, we don't need to tell anyone." These records have to be maintained for seven years. Every document signed and produced every day is maintained for seven years. Obviously, when the Central Bank went back and investigated, it had full sight of these daily reports. Going back to the letter of the law which I quoted earlier, each and every breach was a crime and yet we never reported them.