Mr. Brendan McDonagh:

No, because we checked it out legally. The Committee of Public Accounts took advice from its own parliamentary counsel and the Comptroller and Auditor General has looked at it as well. There was nothing illegal with the section 172 declaration. The man was not, nor had he ever been, a NAMA debtor and Avestus was never a NAMA debtor. There was nothing legally we could have done to stop it. The only failing was a moral failing on the part of Avestus because it should have been upfront with us and said that one of its colleagues had been asked to be a director of this entity by Clairevue but that he was not a NAMA debtor. If it has told us that upfront it would have been better for everyone.