IBRC boss: Widen Siteserv probe to cover AIB and Nama

The former chief executive of IBRC has claimed Finance Minister Michael Noonan should extend the Siteserv probe to include multi-million euro debt write-downs by AIB and Nama if he really wants to uncover the full depth of the situation.

Speaking as fresh concerns emerged in the Siteserv saga, Mr Aynsley insisted his former company was not the only bank cutting deals for as yet unexplained reasons.

When Siteserv was sold by IBRC in March 2012 to the Denis O Brien-owned firm Millington for €45m, the bank effectively wrote off €105m owed to it by the sold company, a decision former IBRC chairman Alan Dukes said on Friday was because of other elements in the agreement.