Paul McAuliffe (Dublin North-West, Fianna Fail)

We have talked about encumbered and unencumbered assets from the AHB's perspective. I want to talk about restricted and unrestricted funding from the regulator's perspective. It is obviously incredibly serious when a large entity, individual donor, or somebody giving a small amount of money on the street gives it to an organisation such as the Peter McVerry Trust. They must have trust that it is being used for the correct purposes. The evidence we heard this morning with regard to the emptying of restricted funds was breathtaking. I will mention the two payments that were referenced. One was the payment of over €1 million to Rubycon for works on a property. The other was the payment of €350,000 to an entity called New Directions, which seemed only to provide a new direction for the former CEO and not anybody else. Did the regulator have concerns about those payments? When did it become aware of them?