Catherine Connolly (Galway West, Independent) | Oireachtas source

It has been said repeatedly, in addition to minimising what happened, that this is a legacy issue. The company was not set up until 1993, so let us stop talking about a time earlier than 1993. This audit looks at a period from 2009 onwards. We are not looking at issues prior to that because there are very few records and that is something that is ongoing about which Mr. Kelly presumably will revert to us. We are looking at the period from 2009 onwards. We are looking at a company that was formed in 1992 and 1993 not way back in the 1960s, 1970s or 1980s. During that period of time, we were attesting gardaí and yet the witnesses from the Garda Síochána are saying that the gardaí had little training in financial matters. Let us look at page dealing with St. Raphael's credit union, which also lists temporary investment accounts.

Look at the list. It includes Bank of Ireland temporary investment accounts, a Zurich investment policy and so on. There is a huge number of bank accounts. There is Royal mutual investment, New Ireland Assurance and so on. All these accounts have been open. I understand gardaí cannot open accounts without the permission of the Minister for Justice and Equality. Is that correct?