Mr. Francis Doherty:

The conflict of interest that existed was that the auditor for 17 years of the Peter McVerry Trust was the brother of the principal or owner of Rubycon, which became the trust's main maintenance contractor and was paid several million euro for maintenance works over several years. There was also a conflict of interest in that the long-term auditor and his brother sold properties to the Peter McVerry Trust in 2018. Those properties did not comply with building regulations at the time. There was no Part V agreement. There were substantial defects but the then CEO agreed to buy them in 2018 with the trust's money for €975,000 and later paid Rubycon more than €300,000 of the trust's funds to remedy defects which it was responsible for fixing in the first place.