Phelan 'set up Isle of Man account for O'Brien in own name'

A former financial advisor to Denis O'Brien has told the Moriarty Tribunal that he was asked to open an offshore account in his own name in the Isle of Man on behalf of Mr O'Brien.

However, Aidan Phelan denied that the account was set up to conceal the identity of Mr O'Brien and said he did not think it unusual when he was asked to do so.