Collery's counsel states his client did not manage Ansbacher accounts

Mr Padraig Collery did not manage the Ans bacher memorandum accounts after the death of Mr Des Traynor in 1994, the tribunal …

Mr Padraig Collery did not manage the Ans bacher memorandum accounts after the death of Mr Des Traynor in 1994, the tribunal was told.

Counsel for Mr Collery, Mr Roderick Murphy SC, said his client had given comprehensive evidence regarding his role in maintaining records independent of the Ansbacher Deposit accounts in the Cayman

Islands.

"This task was first undertaken as an employee of Guinness (&)

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Mahon and, later, to facilitate both Mr Traynor and, after his death,

Mr Furze, by devoting a couple of hours to the task on Saturday mornings," said Mr Murphy.

However, Mr Collery had not said, nor had there been any evidence, that he in any way managed the Ansbacher memorandum accounts.

It was clear from Mr Collery's evidence that he did not manage the accounts in the sense of the dealings which, according to Mr Charles

Haughey's evidence, Mr Haughey had had with Mr Traynor.

Counsel said that in response to the chairman of the tribunal, Mr

Haughey had stated: "I know that Mr Stakelum took over from Mr

Traynor and the arrangement continued."

Mr Murphy also said it had been unfair of counsel for the tribunal to say to Mr Collery, when he was giving evidence: "I have to remind you, Mr Collery, that you didn't tell the tribunal until very recently that you were aware of the fact that Mr Haughey was the person who was receiving benefits of the payments from the `S8' and

`S9' accounts."

Mr Murphy said Mr Collery had made clear his concern for banker-customer confidentiality and sought legal advice regarding an order for discovery of documents made by the tribunal.

Shortly after the order of discovery was served on Mr Collery on

May 16th, he had applied to the tribunal, on June 3rd, by motion grounded on affidavit, indicating the nature and extent of the files in his possession.

Two lengthy meetings followed, with an examination of the documentation.

On June 25th a sworn affidavit of discovery and an accompanying statement were filed, clearly indicating the link between the accounts and Mr Haughey.