Siteserv had €10m on its balance sheet when sold to Denis O’Brien’s company Millington despite the fact that prospective bidders were told it was for sale on a “cash-free” basis, a TD has claimed.

Finance Minister Michael Noonan will this week come under pressure to answer growing questions around how his department addressed concerns about the sale of Siteserv by IBRC.

The Central Bank’s 2012 investigation into the controversial Siteserv deal was limited to the IBRC side of the transaction only and did not involve any inquiry into issues surrounding the company itself.

Independent TD Catherine Murphy is preparing to mount a motion in the Dáil next week to force Finance Minister Michael Noonan to address claims that he withheld details about the sale of Siteserv.

Finance Minister Michael Noonan has claimed he was “very forthcoming” with details on the Siteserv deal despite failing to highlight problems during Dáil questions over a four-month period.