Pearse Doherty (Donegal, Sinn Fein)

I thank our witnesses and welcome them to the committee. I wish to clarify a couple of issues. I will start with the fraudulent transfer. On mature reflection was there not a red flag in relation to that transaction the NTMA should have noticed? In respect of the second capital call was there not a red flag on how that was being asked for that should have triggered something in the NTMA because it was not in keeping with how the original call happened?