Directors of CRH and Ansbacher: the connections

CRH directors who had a banking relationship with Ansbacher in a private capacity:

CRH directors who had a banking relationship with Ansbacher in a private capacity:

• The late Mr Des Traynor: chairman of CRH and mastermind behind the Ansbacher scheme. He operated the business from CRH's registered office.

• Mr Tony Barry: Gave cheques to Mr Traynor from time to time. Said the income was properly declared to the Revenue. Transfers for Mr Barry's children debited to Ansbacher's account in IIB. Was a client "only to this extent", said the inspectors.

• Mr Jim Culliton (retired): Lodged and withdrew money through Mr Traynor although he believed the money was in the Channel Islands.

READ MORE

Inspectors satisfied he was a client of Ansbacher because Mr Traynor did not have day-to-day control of funds in the Channel Islands.

• Dr Michael Dargan (retired): Admits memory is unreliable but claims to have no recollection of having funds in Ansbacher. Evidence suggests guarantee for a loan from a Brussels bank was backed by an Ansbacher deposit.

• The late Mr Gerald Hickey: Deposited value of shares in a property in Abbey Street, Dublin, in an Ansbacher account, used to secure an overdraft facility secured on a back-to-back basis.

• The late Mr Diarmuid Quirke: Had banking dealings with the bank "to a limited extent" but was a client. Used the service to facilitate purchase of travellers' cheques.

• Mr Robert Willis (retired): Held a deposit account. He told inspectors that he did not know where Mr Traynor opened his account and he did not inquire from him as he trusted him absolutely.

• Mr Richard Wood (retired): Funds from a trust set up by his father with a group of businessmen transferred from Guinness & Mahon Cayman Trust to his company, Youghal Development Company Ltd, and another in which he held shares, Thrush Securities.