Some offshore trusts created without Traynor's involvement

The Ansbacher inspectors were told that approximately 20 Irish people created trusts with Guinness Mahon Cayman Trust without going through the late Mr Des Traynor.

Mr John Collins, one of the founders of Guinness Mahon Cayman Trust, now Ansbacher Cayman Ltd, said Dublin accountancy firm Kennedy Crowley (now KPMG) was a source of clients in the early 1970s. He said one of the people he dealt with there was Mr Don Reid. Mr Reid is a former senior partner with the accountancy firm and a former chairman of The Irish Times Ltd.

Mr Collins said some of these people dealt directly with the Cayman bank or did so through their lawyer and did not use the services of the late Mr Des Traynor.

Mr Michael Cush, SC, an inspector, asked Mr Collins if there were "clients who never had anything to do with Mr Traynor, who may have originated through, say, Mr Reid, and never had dealings with Mr Traynor?"

Mr Collins: "Yes. They wouldn't want to, necessarily."

Mr Collins said the Cayman bank also got a number of clients from Kennedy McGonagle, solicitors. He could not remember the names of any other accountancy firms or law firms which might have sent business to the bank.

It is not known if these clients who did not deal with Mr Traynor have been identified in the Ansbacher inspectors' report.