The Department of Finance has yet to comment on allegations made at the Banking Inquiry that a senior official insisted IBRC should accept a lower bid in the sale of an asset.
Former CEO of IBRC Mike Aynsley claims that the official said the Finance Minister would be satisfied if the bank accepted a hypothetical lower bid in a future sale because of the identity of the higher bidder, even if that resulted in the loss of 100 million euro.
Mike Aynsley said there should be a record of this in emails at the now liquidated bank.
Journalist with the Sunday Business Post Jack Horgan-Jones says he would be surprised if Minister Michael Noonan doesn't respond to the allegations:
