A Guinness & Mahon bank account set up by Mr Des Traynor for "a special purpose" was used to pay £750,000 to help meet Mr Haughey's £1.143 million debt with the AIB.
Ms Sandra Kells, financial director of Guinness & Mahon bank, confirmed to the tribunal yesterday that three bank drafts for £600,000, £100,000 and £50,000 were issued by Guinness & Mahon in favour of the AIB in January and February 1980.
The drafts were funded from an account at Guinness & Mahon in the name of J.D. Traynor [special], according to Ms Kells.
Apart from these transactions, a sum of £30,000 was also paid from Mr Traynor's account to Haughey Boland & Co, No 3 account on February 13th, 1980.
Mr Traynor's account was opened on December 11th, 1979 and bank records indicated that this was opened "for a short period of time and for a special purpose", said Ms Kells. Ms Kells said the account appeared to have been closed in early March, 1980, when a final withdrawal of £5,682.53 was made, leaving a balance of zero.
The tribunal heard that the first lodgement of £150,000 made to Mr Traynor's account was on December 11th, 1979, the day the account was opened. A sum of £355,000 was lodged in the account on January 16th, £50,000 on January 18th, £150,000 on January 24th and £80,682.65 on February 13th, 1980, a total of £785,682.
Mr Donal Seligman, for Guinness & Mahon, said that his information indicated that Mr Traynor's account closed on January 13th, 1981. A bank sheet showed two debits for £20,000 and £10,000.
Counsel for the tribunal, Mr John Coughlan SC, said that the tribunal would be continuing some investigative work in private until Tuesday week.