The Moriarty Tribunal has been examining in detail the £3.4 million used to cover Charles Haughey's living expenses over eleven years. The Tribunal heard that between 1987 and 1991 over £1.4 million was paid from accounts based at Guinness and Mahon bank into a bill paying account for Mr Haughey. The Tribunal has also been trying to establish the source of funds lodged into an account in NCB for Mr Haughey's benefit.
From 1987 to 1991 over £1.4million went into an account in the name of Haughey-Boland. Paul Carty of Deloitte and Touche, said this money was used for "farm, stud and household expenses". The money came from accounts in Guinness and Mahon Bank.
Each year almost £200,000 was paid out to cover expenses. In the run up to Christmas 1987 over £40,000 was lodged into the bill paying account in just four days. The Tribunal has also established that money from NCB stockbrokers was used to fund an account within NCB used essentially for Charles Haughey. However it is not clear where this money came from originally. The Tribunal went into private session this afternoon and will resume in the morning.
