Government official ordered asset to be sold for €100m less than highest bid, says Former IBRC Chief Executive
The former Chief Executive of IBRC has claimed a Department of Finance official ordered him to sell a major asset for €100m less than one bidder had offered.
Mike Aynsley has told the Banking Inquiry that a bid from one businessman should be overlooked because of their identity.
He said that the official told him it would be preferable to sell the asset to a lower bidder instead of selling it to the un-named businessman, and that the Minister would support that view.
