Mr. Frank Daly:

It was only at this point that we had prima facie evidence to take to the Garda. We went to court in the meantime to get the Anton Piller order to go to Mr. Farrell's house to search his premises and gain access to his computer, memory sticks and documentation. We executed that search on 3 September. On 12 September, when all of the work in terms of collating the information had been completed, which was when we first had strong evidence, we took the matter to the Garda Síochána and Data Protection Commissioner.

From the moment we got a sniff of what might be going on, the board and management were determined that if there was a breach of confidentiality in NAMA we would take the matter to the Garda Síochána. We also told Deloitte that there must be nothing done in terms of going to the courts or their conducting their investigation that would compromise a Garda investigation. That was a sine qua non. There has been no indication to date from the Garda Síochána or Data Protection Commissioner that anything we did has caused such compromise.