Sale challenges ‘politically motivated’

The former CEO of Anglo Irish Bank has claimed that there were challenges to asset sales by the bank that were "politically motivated" just before it was liquidated.

Sale challenges ‘politically motivated’
Fri, 31 Jul, 2015 - 01:00

Mike Aynsley claimed a Department of Finance official had alleged that Finance Minister Michael Noonan would back the sale of an asset for €100m less than the top offer.

Mr Aynsley said he was “shocked” when he received this information from one of the bank’s directors in January 2013.

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CourtsNOTBanking InquiryBanking InquiryPlace: USPerson: Mike AynsleyPerson: Finance MinisterPerson: Michael NoonanPerson: AynsleyPerson: NoonanPerson: Michael McGrathPerson: McGrathPerson: Alan DukesPerson: DukesOrganisation: Anglo Irish BankOrganisation: DepartmentOrganisation: DoFOrganisation: IBRCOrganisation: AngloOrganisation: IrelandOrganisation: Central BankOrganisation: Department of Finance
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