Judge Alan Mahon has said there is a 'significant degree of suspicion' about the testimony of former lobbyist Frank Dunlop in relation to a horse deal with trainer Jim Bolger.
Mr Dunlop faced further questioning at the Mahon Tribunal this morning about his claims that he had forgotten about losing the equivalent of €200,000 as a result of the investment in 1992.
Frank Dunlop admitted that when he paid nearly £64,000 in 1992 on recommendation of trainer Jim Bolger it was for an animal not yet born.
He said he was relying on Mr Bolger's judgement. He said he knew nothing about what was planned for the horse or even its name.
Mr Bolger has told the tribunal that the thoroughbred foal died as a result of an accident the following year.
He said there was no documentation because it was bred from his own stock and had no passport.
When Mr Dunlop's counsel objected to continuing questioning on the issue Judge Mahon said there was a significant degree of suspicion about the deal.
Meanwhile, speaking as the tribunal approaches its tenth anniversary, Chairman Mahon said it is hoped public hearings cab be concluded in late Summer 2008.
