Mr. Niall Kelly:

The first thing I would say about those comments is that they are hearsay. Mr. Culhane was not at any meetings in the college that I attended. The second thing I would say is that I spent a lot of time in the college last summer. From roughly mid-June to mid-August, I was up and down to the college and I stayed over in the college. During that time, I talked to a lot of people. This is a normal process of doing an audit - one talks to a lot of people. I would not be doing my job properly if I had not broached the possibility, given the number of bank accounts that were presented and that evolved from the audit, that some of them could have been offshore. At the end of the day, I did not find any offshore bank accounts but I had to broach that possibility and I had to discuss that with management in the college.