Page "Dermot Desmond" Paragraph 18

The Moriarty Tribunal found that Mr Desmond made substantial payments to Taoiseach Charles Haughey.

In September 1994 Mr Desmond made a payment of £ 100, 000. 00 sterling to Mr Haughey and in October 1996 he made a payment of £ 25, 000 sterling.

While Mr Desmond claims these payments to be loans, repayable by Mr Haughey, the Tribunal did not accept this explanation.

Ultimately Mr Haughey was forced to settle with the Revenue Commissioners, as it appears he had failed to declare the payments from Mr Desmond.